02 April 2018
I am purchasing property from NRI in financial year 2018-19 in 72 lakh , property purchased by seller in year 09-07-2009 at rs 3512000, seller hold PAN card of india, now i wanna know my tax liability being a buyer wheather i ll go for section 195 and certifiacate from assessing officer required, or He had hold PAn card of india so tax liability will cover only 1% TDS kindly rply thanx regards
02 April 2018
I understand that the seller is a Non resident as per the IT Act. Therefore, Sec 195 will be attracted even though the seller has a PAN card in India
CAclubindia
