banner_ad

Tax liability for buyers on buying property from NRI

This query is : Resolved 

15 October 2025 I am buying a flat from an NRI seller. There will be two agreements, one on property, payment against which will be made to NRO account. For 20lakhs, there is an agreement for furniture and fixtures in the house. Can the proceeds for the furniture/ fixtures sales be made into his wife's India account? Will that cause any legal/tax implication for me as buyer.


15 October 2025 Before replying to original query let me inform you that you are required to deduct TDS on any payment made to NRI. be it in two parts.
Now to your query, yes if she has made agreement with you for furniture & fixtures separately.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details