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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.



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