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PROPERTY PURCHASE BY NRI

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(Querist)
27 August 2020 The Assessee is an NRI and buying a property in India.

Can he make payment from account in USA account directly to sellers account who happens to be a NRI as well after deducting required TDS?

Or he has to transfer money to nre account in India And then pay to the sellers account in India ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 August 2020 He can make payment from account in USA directly to sellers account after deducting 20% plus SC and cess on entire sale consideration.

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