01 June 2010
If an individual in India buys a House Property situated in India from NRI, Is an Indian individual is liable to deduct tax at source, if yes at what %.
01 June 2010
Yes. You have to calcuate the actual liability of tax on capital gains and the same should be deducted. Or you can ask the NRI to apply to NRI ward for calculating the liability under advance ruling. Then the officer will arrive at the liability and inform the tax to be deducted in writing then you can deduct the same amount.
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