Buyers must deduct TDS under Section 195 on amounts paid to NRI sellers, deposit by the 7th of the following month, and not rely on the seller’s capital gains ...
The Income Tax Department has released a new brochure detailing Tax Deducted at Source (TDS) payment obligations for individual taxpayers, especially those arising on account of buying of property ...
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Buying property from an NRI? Here's what resident Indians should know about their tax liability
Vikram Patel, a Mumbai resident, was thrilled to find a luxurious apartment listed by Neha Kapoor, an NRI in Singapore, for ₹1.8 crore. The property was perfect, but Patel soon learned that buying ...
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