10 May 2019
A U.S based seller/person property I am purchasing through GPA which is on name of his father, what would be TDS % I should deduct, he is asking to mention his Indian resident address on an "agreement to sale" and Sale deed. should I ask to deduct 1% or 22.88% income tax?
10 May 2019
The property is owned by US based seller, the capital gain arises to him. So 22.88% TDS has to be deducted on capital gains. Power of attorney holder can't be considered as owner of the property.