PROPERTY PURCHASE BY NRI
This query is : Resolved
27 August 2020
The Assessee is an NRI and buying a property in India.
Can he make payment from account in USA account directly to sellers account who happens to be a NRI as well after deducting required TDS?
Or he has to transfer money to nre account in India And then pay to the sellers account in India ?
Can he make payment from account in USA account directly to sellers account who happens to be a NRI as well after deducting required TDS?
Or he has to transfer money to nre account in India And then pay to the sellers account in India ?
27 August 2020
He can make payment from account in USA directly to sellers account after deducting 20% plus SC and cess on entire sale consideration.
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