Hi,
I am buying property from NRI. NRI brought Property for 6 Lakhs in 2008 and now planning to sell 11.5 Lakhs. As per Long term gains are 0. In this case do I need to deduct TDS from 11.5 lakshs? or Can I go for registration without deducting TDS ? . If not what should I do avoid TDS?
Thanks
Unless the NRI Seller provides you 'NIL Deduction of TDS' obtained from his Jurisdictional ITO, you are liable to deduct tax on full sale value.....
Refer:: form-13-tds-deduction
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