Suresh (Student Others) (38 Points)
08 September 2017I 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
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171581 Points)
Replied 08 September 2017
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.
Pushpak Lal
(Student CA Final )
(286 Points)
Replied 11 September 2017
Sir, Can you please breif on the procedure to submit the Form in Traces?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171581 Points)
Replied 11 September 2017
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