Purchase of property from nri

In case a resident purchases a property in India from non-resident, who is required to obtain Form 15CA/CB? Buyer or seller? 

 

Replies (3)

One who makes payment to NRI!!

Thanks for your reply Sir. 

So, does this mean that if a resident buyer buys property from seller, along with deducting TDS and depositing it in ITNS 281 and filing TDS return in Form 27Q, he also needs to file Form 15CA and get CA certificate in Form 15CB? 

Also on TDS return, please let me know that if TDS is deducted and deposited in April 2017, will buyer have to wait till end of quarter (i.e. June 30, 2017) for filing of TDS return in Form 27Q? Can he do it in April 2017 only? 

Thanks in advance for your help Sir.

 

 

So, does this mean that if a resident buyer buys property from seller, along with deducting TDS and depositing it in ITNS 281 and filing TDS return in Form 27Q, he also needs to file Form 15CA and get CA certificate in Form 15CB? 

Also on TDS return, please let me know that if TDS is deducted and deposited in April 2017, will buyer have to wait till end of quarter (i.e. June 30, 2017) for filing of TDS return in Form 27Q? Can he do it in April 2017 only? 

 

1. In case seller provides NIL/Lower TDS deduction certificate from his Jurisdictional ITO, form 15CB not required.

2. No, because return filling is on quarterly basis. Buyer can give a copy of tax paid challan.  Secondly, seller require to keep form 16A just as proof before filling his ITR, which occurs only after next April.

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