TRACES - TDS Reconciliation Analysis and Correction Enabling System
Harit Aaykar
Government of India, Emblem

Is late filing and interest on late payment applicable on NRI buyer as well?

Yes. As per Finance Bill of 2013, TDS is applicable on sale of immoveable property in India wherein the sale consideration of the property is equal or exceeds or to 50, 00,000 (Rupees Fifty Lakh). If any default occurs in payment of TDS amount, it will be closed by buyer.