NRI has paid advance for vying an apartment to a builder. Now due to pandemic situation, the NRI decides cancel the deal. The builder has agreed to pay back the money. What is the tax liability in the hands of NRI if it is received ion an NRO account in India
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At ability of receipt of advance paid to a builder for an apartment
Replies (4)
No income or receipt in the hands of NRI no liablliab in his hands
Thanks for your reply
Brother Zero liabilities in the hand of NRI.
| Originally posted by : P.Venkita Raman | ||
 |
Thanks for your reply |  |
It's my pleasure. But take a note that NRI has no regd and recipts in India except these returns of advances
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