I am buying property from NRI . There is not any capital gain in this transaction so I have applied for NIL TDS certificate to IT department. Am I still required to obtain TAN even if I am not deducting any TDS? Do I need to file NIL TDS return also?
Thanks
When there is nil TDS liability........ TAN need not be obtained.
Once TAN obtained...... than you are required to submit a declaration for non-filing of return....
Shyam Joshi & Associates
Pune
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