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Purchase of immovale property from nri

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(Querist)
02 September 2016 Dear Expert,

A resident individual who is a salaried employee has purchased residential house from NRI. He had deposited sale consideration in NRI's NRO account maintained in India. My question his do he need to deduct TDS U/s 195 on the sale consideration paid to NRI? Buyer is a salaried employee and do not have any TAN.
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Amol S Joglekar

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Amol S Joglekar (Expert)
02 September 2016 yes, section 195 comes into play.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 September 2016 Buyer has to deduct full tax on capital gain on this sale u/s 195. No excuse of not having TAN.
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