Buying commercial Property from NRI

18 August 2023

Dear ,

I am buying a property from an NRI which is around 20 lacs.

we are deducting/paying the TDS at 20.8% and transferring the remaining amount to Sellers NRO account.

My question is here who will generate the FORM 15CA and FORM 15CB ?

Thank you,

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178179 Points)
Replied 18 August 2023

When you are transferring the amount to his NRO account, you don't need to submit form 15CA/CB.

Only if the NRI transfers the amount to his NRE/foreign bank account, he will have to submit the form.

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satish sunkara (8 Points)
Replied 18 August 2023

Thank you Sir. If that being the case. Then Seller has to raise the Form15CA and CA has to confirm with Form15CB ??

Thank you.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178179 Points)
Replied 18 August 2023

Correct....

You are welcome.

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