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Kirti Menkudle

Category : TDS ON N..,
Solved
Hi Sir,
We are planning to buy a house property worth 1.03 Cr agreement value in the joint name and joint home loan of myself and my husband. The property is also in the joint name of husband and wife and they have an Indian Pan card. However, their status is NRI. As per the rule banks says upto 23....
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Amlan Dutta
1. What things / documents should we ask from him for his investment in bonds. (Worried coz buyers are liable to pay TDS & dont want any income tax notice for not giving TDS)

Why should you even want to know whether he will get capital gain exemption or not
This has no bearing on deduction of TDS
S...
Kirti Menkudle
Thanks a lot Sir for your elaborate answer to each and every query.
Appreciate your time and effort to help people like me who are not aware of many facts.
Paritosh Jain

Category : TDS ON N..,
Solved
I am to purchase a flat from NRI. Capital gains for NRI ~ 40 Lacs.
I need to:
i) deposit TDS @ 20.8% on the Capital gains online through form 281
ii) File TDS returns before 15 Oct in Form 27Q
iii) Download form 16A and issue to the seller
Please let me know if I also need to fill form 15CA? Any other f...
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Amlan Dutta
You have asked similar query before where i have addressed this in much detail , i will not be repeating my answer again .....you would like to check your own query history ( we will shortly make this feature available as answer option so that me/other's will not have to repeat our answers uselessl...
Hima Bindu

Category : TDS ON N..,
Unsolved
Hello Amlan,

We are based out of Bangalore and bought an apartment from an NRI and sale value is more than 50 lakhs. We came to know that we need to deduct tax at rate of around 20%.

I have seen your video on how to apply for NIL/lower TDS certificate by submitting form 13. We also heard in Bangalor...
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Paritosh Jain

Category : TDS ON N..,
Solved
Hi Amlan,

I have a few questions regarding purchase of a second hand flat (built during 1990) at Mohali from an NRI (US based) for Rs. 95 Lakhs (all in white) in my wife's name. The transaction will happen in June 2018.
1. What is the rate at which TDS has to be deducted in FY 2018-19 in the case of...
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Amlan Dutta
Pointwise solutions as follows ,
1. What is the rate at which TDS has to be deducted in FY 2018-19 in the case of an NRI seller.
TDS on NRI purchases is to be deducted irrespective o...
SRINIVASA NAIDU

Category : TDS ON N..,
Solved
hi sir, can you tell me about TDS applicable on buying asset(Immovable property) from NRI?
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Amlan Dutta
TDS on NRI purchases is to be deducted irrespective of the transaction value of the property( unolike domestic transfers where only TDS has to be deducted if the sale value exceeds 50 lakhs ) ......Section 195 clearly stipulates that the buyer is to deduct 20 % TDS on capital gains after obtaining a...