Tds on Property purchased from.NRI

This query is : Resolved 

11 February 2020 What are the consequenses if i purchase residential property from NRI residing in India after deducting TDS@ 22.88%.
Is there any need to.take TAN No.. or we can simply deduct and deposit it?
Is amount received more than 50000/- from friend taxable ??

11 February 2020 TAN is required you can get it within few days.
Yes receipt more than 50000 from friends is taxable.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries