Purchased property from NRI value of 1.2 crore. below are my queries
1. TDS to be deducted u/s 195 and the rate of tax is 20% ??
2. TDS deductor should compulsorily have TAN number??
3. How to remitt the TDS deducted??
4. Procedure of filing the return after deduction of tax.
requesting to resolve the above queries
thanks in advance
1.TDS u/s 195 @ 20%
2. TAN number is compulsory.
3. TDS deduction should be made under tds offline utility and it should be shown on 26AS.
4. Return should be filed under offline utility
CAclubindia
