Form 13 for lower deduction of tds

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ANJALI (Querist)

14 January 2015 dear sir,

plese let me know the procedure for filing form 13 for lower deduction of tds.
who can file it ???
details to be filed ??? etc

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

14 January 2015 https://www.charteredclub.com/income-tax-form-13-for-applying-for-nillower-deduction-of-tds/

https://incometaxbangalore.in/tds/

https://www.incometaxindiapr.gov.in/incometaxindiacr/contents/Forms/13.pdf

ANJALI

ANJALI (Querist)

14 January 2015 In case of purchase of property from NRI who can make application in form 13 Buyer or an NRI seller ??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

14 January 2015 Even there is no capital gain at all in the transaction or the tax payable on capital gain is less that the TDS deducted, then the payer (buyer) can approach the assessing officer and get a certificate of lower or nil deduction of TDS. This is provided in subsection (2) of Section 195. Alternatively, u/s 195(3), payee (the NRI seller) also can approach the AO and get the certificate.

refer this link the above mentioned here :

https://www.succinctfp.com/index.php/how-to-deal-with-tds-while-buying-immovable-properties-from-nris/

ANJALI

ANJALI (Querist)

14 January 2015 If there are more than 1 buyer then how the application can be made???
Is it required to be made by both buyers ??

Are there any details to be submitted manually if online form 13 is submitted ???

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

14 January 2015 1.then seperately each buyer should apply.

2.No

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ANJALI

ANJALI (Querist)

15 January 2015 If buyer submit the form 13 manually then the details to be provided for the last 3 assessment years about income , is to be provided of an NRI seller or buyer ???