For the last few years I have become NRI to USA . I had purchased properties at Greater Kailash area of New Delhi in early eighties . I am planning to sell one soon. The buyer is asking for TDS to be deducted at 22 -23 % on sale consideration ( which comes to several crores ) . However Long term capital gain tax after indexation will be much less . Is it possible or advisable to get an Advance Ruling from Income tax Deptt. OR should I try to get a certificate of lower deduction of TDS from AO . I had been filing my tax return at Delhi for years.
CAclubindia
