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
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.
Sir, Can you please breif on the procedure to submit the Form in Traces?
Refer: A nice article by Shri Manish
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