Income Tax Return for NRI Person
This query is : Resolved
21 May 2024
Dear Sir/Madam
I have following questions of non-resident individual.
1) He has house and other property in India and want to sell all property and he want to transfer all fund received ag. Sell of property in his NRO Bank account then he want to file his tax return in india and tax payable at which rate?
2) He has balance in saving bank account in India and he want to transfer his fund in his NRO account then is any tax payable by NRI?
I have following questions of non-resident individual.
1) He has house and other property in India and want to sell all property and he want to transfer all fund received ag. Sell of property in his NRO Bank account then he want to file his tax return in india and tax payable at which rate?
2) He has balance in saving bank account in India and he want to transfer his fund in his NRO account then is any tax payable by NRI?
21 May 2024
1. LTCG at 20% rate, but if STCG will be taxed at slab rate.
2. Depends upon the source of income and amount. In general, no tax liability.
2. Depends upon the source of income and amount. In general, no tax liability.
22 May 2024
Thanks for prompt reply
How to get lower deduction certificate by NRI by form 13 and which documents required for that, if property like house, land sale.
If buyer of property has not TAN NO then what to do in this case ??
Balance in savings bank account, there are agriculture income then is any tax payable by NRI for transfer fund sb account to NRO account??
How to get lower deduction certificate by NRI by form 13 and which documents required for that, if property like house, land sale.
If buyer of property has not TAN NO then what to do in this case ??
Balance in savings bank account, there are agriculture income then is any tax payable by NRI for transfer fund sb account to NRO account??
22 May 2024
1. Refer: https://cleartax.in/s/form-13-tds-deduction
2. Buyer must apply for TAN, when TDS is required to be deducted from NRI seller,.
3. By filing relevant ITRs & form 15CA/CB issued by CA.
2. Buyer must apply for TAN, when TDS is required to be deducted from NRI seller,.
3. By filing relevant ITRs & form 15CA/CB issued by CA.
22 May 2024
Sir,
Suppose buyer is individual then also he has to apply for TAN?
Suppose buyer is individual then also he has to apply for TAN?
22 May 2024
Yes, specifically if he purchases from NRI seller.
05 September 2024
Good Luck.
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Last year TDS Claim
- Scrutiny assessments u/s 143(2) for AY 25-26
- Regarding IMS Mandatory from 1st July 2026
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- One Post a Week Done Right Beats Seven Done Wrong
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- LTCG on switch of units
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
