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Non resident sale his property

Page no : 2

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 07 June 2022

Applicable, check below link

https://nritaxservices.com/Purchase%20of%20Immovable%20Property/M__66


Sreevidhya V (396 Points)
Replied 07 June 2022

From this article I could infer 26QB can be used by buyer including NRI. but Here the discussion is about NRI seller who sells his property and buyer deduct u/s 195. in this case Is 26qb used?

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 07 June 2022

Yes, then also Form 26QB used.


Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 08 June 2022

Check once , if you select seller residential status as NRI then you get error message stating that 26QB is not applicable and it is covered by Section 195

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 08 June 2022

yee/Seller/Transferor

As Status of the Payee/Seller/Transferor is Non-Resident, Form 26QB will not be applicable. The correct form to be used is Form 27

 

You  can check once.

 

Today also I have checked 

 

 



CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 08 June 2022

I will check out.

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 08 June 2022

You may check it from NSDL etax payment system

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 08 June 2022

Please provide some link and clarification


Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 08 June 2022

Go to 26QB e- challan , Hope you have practical knowledge on this

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 08 June 2022

There is nothing like Form 27 



Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 08 June 2022

Have you opened 26QB e challan ?

Just do the test checking.

Do you know which form to be used for Tds payments under section 195 ?

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 08 June 2022

Do you know which form to be used for Tds filing for tds Payments made under section 195 ?

Yoy read your comments to this query again 


CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 08 June 2022

Sir, i am practising CA and definately filed Form 26QB


CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 08 June 2022

And for your information there is no FORM 27, its 27Q



Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 08 June 2022

If you are practicing CA then you might be knowing there is an of NRI seller in 26QB .

Select it and test check without filling any details


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