My assesses buying property from an NRI is he liable to deduct tax u/s 194 IA...??
NRI doesn't hve any PAN in India in this case what is the procedure to deal with it.....??
No. He is liable to deduct TDS u/s. 195 of IT act.
Seller needs to obtain PAN as he is required to file ITR for capital gain assessment.
Thanku so much Sir...🙏
You are welcome. ...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
