Tax on income from house property
This query is : Resolved
27 December 2013
Please Help,
One of my relatives(Non Resident) residing in the UAE,Sold the property to a resident through his brother at a cost of Rs 3892000 in the year FY2013-14 Which was acquired by him from his father in the year 1984 at that time fare market value of that property is 20000.
The purchaser had remitted the amount with out deducting the TDS amount on the property, so the seller is unable to transfer amount from India to UAE.
One of my relatives(Non Resident) residing in the UAE,Sold the property to a resident through his brother at a cost of Rs 3892000 in the year FY2013-14 Which was acquired by him from his father in the year 1984 at that time fare market value of that property is 20000.
The purchaser had remitted the amount with out deducting the TDS amount on the property, so the seller is unable to transfer amount from India to UAE.
29 December 2013
so you need to pay the tax on your own before transfer of funds.
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