PURCHASE OF PROPERTY

This query is : Resolved 
 

(Querist)
11 January 2017

sir one of my client is a nri. he would like to purchase a house property . now he need to pay advance . what are the major factors we are follow under income tax please advice me


Mrs. N Jain (Expert)
12 January 2017

No special provision or purchase of property in India by NRI. 1% TDS has to be deducted from the consideration payable to the Seller u/s 194IA, if applicable..

vishak (Querist)
12 January 2017

if applicable means ?

Mrs. N Jain (Expert)
12 January 2017

Means, if Consideration for property is Rs. 50 lakh or more



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