vilanjan A. patil (accountant) (40 Points)
11 April 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185456 Points)
Replied 11 April 2017
TDS u/s. 195 applicable. You will be required to obtain TAN.
If he gets cerificate from AO, it will reduce the TDS amount considerably. (even NIL)
May refer: https://www.charteredclub.com/tds-property-purchase-nri/
vilanjan A. patil
(accountant)
(40 Points)
Replied 11 April 2017
Thank you sir,
sir can he apply for capitl gain certificat by mail to AO because he is know out side India, if yes which document required to attached.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185456 Points)
Replied 11 April 2017
His authorized agent or CA can file application u/s. 197 with his Jurisdictional ITO along with all the details, manually; and has to be followed up.
Passport, PAN Details of property, capital gains work out, details of exemption claimed etc.
Refer: 1. https://www.nitinbhatia.in/real-estate/nri-lower-tds-property-sale/
2. https://www.charteredclub.com/income-tax-form-13-for-applying-for-nillower-deduction-of-tds/
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