30 November 2013
My friend (an NRI) is planning to buy a property from an another NRI. According to Sec 195, any person paying NRI should deduct tax @ 20%. Following question arise.
1. should the buyer deduct tax @ 20% (instead of 1%) and pay as per 26QB.
or
2. the buyer get a TAN and deduct tax. Can he avoid TAN?
3. If he get a TAN, should the buyer (individual) TDS file return.
CAclubindia
