assesses does not have any income in INDIA
NRI paid 30 lacs during FY 19-20 for purchase of lfat.
balance about 25-30 lacs will be paid in during 21-22 FY
My doubt is while registration value of the flat exceeds 30 lacs, th same may be reported to the Dept.
On receiving such report, if the dept. asks for not filing the return OR source etc......
...what answer should I give.
Any action to be taken now....Please advise.
Cost of house less than 50 lakh no tds is required
The income tax return has to be filed by both buyer and seller after registration of the house. Meanwhile MOU is must
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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