📍Visakhapatnam, Andhra Pradesh
NRI Property TDS — Form 26QB and Section 195 in Visakhapatnam
TDS compliance for NRI property transactions — Form 26QB filing under Section 194-IA when NRI buys from a resident seller (1% TDS on property value above ₹50 lakh), Section 195 TDS computation when an Indian buyer purchases from an NRI seller (20% LTCG + surcharge/cess), Lower Deduction Certificate (LDC) under Section 197 for NRI sellers, and Form 15CA/15CB for remittance of sale proceeds.
NRI Property TDS — Form 26QB (Section 194-IA) & Section 195 TDS Compliance in Visakhapatnam — Local Context
Property transactions involving an NRI seller require careful classification of the payment, applicable withholding, buyer documentation, and challan or certificate records. Visakhapatnam transactions may involve apartments in Rushikonda, development along Madhurawada, or sale of inherited property by overseas Telugu families.
Regulatory Office
Income Tax Commissionerate, Visakhapatnam
Handles TDS administration and direct-tax issues relating to property payments and NRI sellers.
Typical Visakhapatnam Scenarios
- A buyer purchasing a Rushikonda flat from a US-based NRI reviews Section 195 withholding and remittance records.
- A Madhurawada purchaser checks Form 26QB or applicable NRI-payment treatment before registering the sale.
- An overseas seller of inherited property near Bheemili organises tax computation and buyer-facing TDS documentation.
Who We Serve in Visakhapatnam
Rushikonda IT ParkBheemili/Madhurawada real-estate corridorNRI diaspora (US/Gulf/UK Telugu community)GVMC
Why Harun Raaj & Associates in Visakhapatnam
We are an ICAI-registered CA firm (Membership No. 238303) based in Visakhapatnam. Every output — certificate, return, or advisory — is reviewed and signed by a CA and carries a UDIN for authenticity. We handle the full regulatory workflow so your team doesn't have to — from document collection through filing or certification.
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