REGISTRATION OF PLOT THROUGH GPA
This query is : Resolved
30 May 2020
Dear Expert
Kindly advise I am planning to buy a Plot in Bangalore but the owner of Plot is residing USA and he is not able to come to India hence, I am planning to register the plot through GPA.
Kindly advise in this regard
Kindly advise I am planning to buy a Plot in Bangalore but the owner of Plot is residing USA and he is not able to come to India hence, I am planning to register the plot through GPA.
Kindly advise in this regard
30 May 2020
It's legally valid in registration through GPA.
In case the seller is NRI TDS @20% plus sc has to be deducted on sale value and deposited to government account.
In case the seller is NRI TDS @20% plus sc has to be deducted on sale value and deposited to government account.
30 May 2020
Dear Sir
Thank You and the seller is having Indian National Holder passport but working in USA.
He is giving GPA to his brother for registration.
Kindly advise sir in this case also tds is required to deduct @ 20% and if you have any format GPA kindly share sir
Thank You and the seller is having Indian National Holder passport but working in USA.
He is giving GPA to his brother for registration.
Kindly advise sir in this case also tds is required to deduct @ 20% and if you have any format GPA kindly share sir
30 May 2020
As he is working in USA he should be NRI so 20% TDS applicable.
See the link for GPA format.
https://www.legalhelplineindia.com/legal/general-power-of-attorney-for-a-property/
See the link for GPA format.
https://www.legalhelplineindia.com/legal/general-power-of-attorney-for-a-property/
30 May 2020
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