Answer

1. F

   Facts

   Long-term gains on property sold after 23 July 2024 are taxed at 12.5% without indexation for non-residents. The buyer must deduct TDS on the payment, and you file ITR-2 to settle the final tax.

2. P

   Provisions and law

   • Sec 112, Income-tax Act 1961 (now Sec 197, Income-tax Act 2025)Long-term capital gains on other assets taxed at the special rate.
   • Sec 195, Income-tax Act 1961 (now Sec 393, Income-tax Act 2025)Tax is deducted on payments to non-residents at the rates in force.
   • Sec 197, Income-tax Act 1961 (now Sec 395(1), Income-tax Act 2025)Lower or nil TDS certificate on application.
3. A

   Analysis

   Buyers often deduct TDS on the whole sale price, which can far exceed the actual tax. You can apply for a lower TDS certificate in Form 13 (now Form 128) before the sale. Otherwise, claim the excess back in ITR-2. Exemptions like Sec 54 or 54EC can reduce the gain if conditions are met.

4. C

   Conclusion

   1. 1Compute the expected gain.
   2. 2Apply for a lower TDS certificate if needed.
   3. 3Make sure the buyer issues the TDS certificate.
   4. 4Report the sale in ITR-2 and claim any exemption.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.