Tds on sale of immovable property
This query is : Resolved
16 August 2017
Dear Experts,
We are buying property from 3 sellers , out of those 2 are NRI & one resident.My query is i should deduct 20.6% by taking TAN no. for both NRI's and for resident @1% by filling 26QB.
Is it right .can both NRI sellers get the certificate from ITO by computing capital gains and asking me to deduct at lower rate of tax. What document i need from them to deduct lower tds ??
Thanks in Advance
We are buying property from 3 sellers , out of those 2 are NRI & one resident.My query is i should deduct 20.6% by taking TAN no. for both NRI's and for resident @1% by filling 26QB.
Is it right .can both NRI sellers get the certificate from ITO by computing capital gains and asking me to deduct at lower rate of tax. What document i need from them to deduct lower tds ??
Thanks in Advance
16 August 2017
Yes for your first question
16 August 2017
Yes both nri sellers can get the certificate from ITO requesting lower tds deduction.
You need that certificate issued by ITO individually for both sellers
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