NRI TDS tax payment
This query is : Resolved
18 April 2022
Namaste sir
Our NRI property seller at Hyderabad is unable to obtain TDS certificate from IT department thereby inhibiting us to deduct TDS tax
Instead the seller is compelling us to get the property registered at discounted price of 20.22 % less of property value so that he can go back to America
Now after registration of property we as buyers can it be possible for us to reduce TDS tax by submitting all relevant papers to auditors and pay TDS to IT dept
Because it is 15 years old flat
Please advise
Regards
Hari
Our NRI property seller at Hyderabad is unable to obtain TDS certificate from IT department thereby inhibiting us to deduct TDS tax
Instead the seller is compelling us to get the property registered at discounted price of 20.22 % less of property value so that he can go back to America
Now after registration of property we as buyers can it be possible for us to reduce TDS tax by submitting all relevant papers to auditors and pay TDS to IT dept
Because it is 15 years old flat
Please advise
Regards
Hari
CA ALOK KUMAR
(Expert)
18 April 2022
No, auditors are not authorised to give permission to deduct TDS at lower rate. It is only the assessing officer who will issue certificate for lower deduction or nil rate deduction. You may write me to ca.aloknandan@gmail.com for further assistance. Hope your query resolved.
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