Taxation for American Citizens
This query is : Resolved
10 August 2020
Hello,
I need help for the following query.
A share of a property based in India is being paid to 2 American citizens.
The total is approximately 9 Lacs per person.
What is the tax liability on them and how should i deduct the TDS and pay the government when they dont have a pan card.
Would appreciate a response.
Thanks.
TG
I need help for the following query.
A share of a property based in India is being paid to 2 American citizens.
The total is approximately 9 Lacs per person.
What is the tax liability on them and how should i deduct the TDS and pay the government when they dont have a pan card.
Would appreciate a response.
Thanks.
TG
CA R SEETHARAMAN
(Expert)
10 August 2020
TDS of 20% plus 4% cess applicable. Obtain PAN card so that they can claim refund for indexed cost of the property.
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