Flat buy from nri
This query is : Resolved
08 May 2017
I am going to purchase flat from NRI in ahmedabad. I just need certain clarifications and advise in this regard1. What is the process of the deal right from negotiation. Like if we arrive at some figure after negotiation and give him token money then at that time how to legally bound him so that the seller dont change stand.2. What are the tax implications on nri seller and indian buyer.3. The seller is asking me 60 40 blackmand white ratio then how to give him the 40 blck value since i have all white.4. Please elaborate the whole process till registration Thanks a lot RegardVk garg
08 May 2017
1 Execute agreement for sale mention the advance paid and penalty for breaking the agreement.
2 NRI seller has to bear capital gain tax which will be fully deducted by seller. Buyer has to deduct full capital gain tax u/s 195.
3 Pay him full white money through bank.
2 NRI seller has to bear capital gain tax which will be fully deducted by seller. Buyer has to deduct full capital gain tax u/s 195.
3 Pay him full white money through bank.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Relief u/s Section 89
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Plot of land. Cost of Acquisition
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
