Hello
Could any one tell me IS 194IA is applicable for NRI Buyer.
Exp - NRI Buyer (NO PAN) & Seller is a resident. Value of Proerty 75 Lakhs.
Is NRI Buyer is to Deducted 1% TDS or pay full consideration?
Awaiting reply!!!!!!!!
Madhu
Madhusudhan T (Final Student) (35 Points)
23 January 2014Hello
Could any one tell me IS 194IA is applicable for NRI Buyer.
Exp - NRI Buyer (NO PAN) & Seller is a resident. Value of Proerty 75 Lakhs.
Is NRI Buyer is to Deducted 1% TDS or pay full consideration?
Awaiting reply!!!!!!!!
Madhu
Mihir
(Wealth Manager)
(5293 Points)
Replied 24 January 2014
Yes, NRI will have to deduct 1% from the sale price.
Madhusudhan T
(Final Student)
(35 Points)
Replied 24 January 2014
Could please share any notification or cicular or any other matter which NRI has to deduct TDS.
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