A person wants to purchase property from a US Citizen holding OCI Card who is born in India. Two Queries:
1. What is rate of TDS on property purchased from such person
2. Whether buyer has to take TAN number for it.
Regards
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Tds on property purchase from us citizen holding oci card
Replies (1)
1. TDS will apply as per section 195 of IT act.
2. Yes.
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