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PURCHASE OF PROPERTY

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(Querist)
11 January 2017 sir one of my client is a nri. he would like to purchase a house property . now he need to pay advance . what are the major factors we are follow under income tax please advice me
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CA Suresh Jain

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CA Suresh Jain (Expert)
12 January 2017 No special provision or purchase of property in India by NRI. 1% TDS has to be deducted from the consideration payable to the Seller u/s 194IA, if applicable..
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vishak

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vishak (Querist)
12 January 2017 if applicable means ?
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CA Suresh Jain

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CA Suresh Jain (Expert)
12 January 2017 Means, if Consideration for property is Rs. 50 lakh or more
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