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
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. Namaste…
CAclubindia
