Capital gain certificate from Income tax Officer

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MAMTA (Querist)
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06 October 2017 Dear Experts, Is it compulsory to have capital gain certificate from Income tax officer for deduction of TDS, in case of purchasing house property from NRI. what if a certificate for the same is obtained from CA?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 October 2017 Any payment to an NRI is subject to TDS as per section 195 of the Income tax Act,1961 or at the rate as in DTAA. If the TDS rate is not acceptable to the NRI, the deductee can approach the Income tax officer seeking a certificate for TDS at a lower rate.

Ps:- CA cannot issue a certificate to the deductor for lower rate of TDS.

MAMTA

MAMTA (Querist)
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07 October 2017 sir how to deduct TDS if buyer is

MAMTA

MAMTA (Querist)
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07 October 2017 joint buyer

MAMTA

MAMTA (Querist)
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07 October 2017 Will it be proportionately deducted or any one of the joint buyer can deduct the same

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 October 2017 Deduct in proportion to the right obtained in property