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NRI paid 30 lacs as advance for flat in FY 19-20 AY20-21 bal.30lacs in Fy 21-22. return for 20-21AY

bujjulu (e-TDS + IT return filer Hyderabad)     02 December 2020

e-TDS + IT return filer Hyderabad 
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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.


ayusmita (Tax consultant)     02 December 2020

Tax consultant 
 364 likes  5454 points

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He is not fill the return for next mont??

Shankar Rugge

Shankar Rugge   02 December 2020

Shankar Rugge

 4 likes  98 points

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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 


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