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
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.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST not cancelled by tenant
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Resigning a auditor from the company for misconduct
- Bank details not Visible on Traces Portal
- Taxable or Tax exempt
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
