Tds for payment to nri for house purchased
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2014
I have purchased half share of a residential house for an amount less than Rs.50 lacs from my sister who is an NRI whereas I am a resident Indian. Can I remit the amount without deducting TDS and what are the other permissions required if any and procedure thereof.
Thanks and regards
Thanks and regards
15 February 2014
no...you are required to deduct taxes under section 195.
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