Tax liability for buyers on buying property from NRI
This query is : Resolved
Jyoti Goyal
(Querist)
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Employee secondment
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Import of Capital Machine
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Closer of business and itc of capital goods
- Rent agreement of House of deceased person
- Capital gain on commercial property and investment in residential property
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
