Getting a lower tax deduction certificate from ao

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Student Others
38 Points Joined June 2013

I am an NRI and considering selling my house  property at Delhi .  It would be a Long Term Capital Gain as I am selling it after purchaging it in 1980.

Is it possible or is it permissible to obtain a certificate from my tax Assessing Officer  , so that the new purchaser can deduct TDS at a reduced rate . 

Suresh

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On 08 September 2017 at 08:08 Report
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SEO Sai Gr. Hosp.
209039 Points Joined July 2016

Yes, the option for an NRI selling property and not having business income can apply u/s 197, for lower deduction of tax, in Form 13.

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On 08 September 2017 at 09:17
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Student CA Final
286 Points Joined September 2014

Sir, Can you please breif on the procedure to submit the Form in Traces?

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On 11 September 2017 at 12:50
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SEO Sai Gr. Hosp.
209039 Points Joined July 2016

Refer: A nice article by Shri Manish

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On 11 September 2017 at 18:07


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