A property developer has offered us money for an ancestral home in Goa. We have accepted the offer.
There are 6 brothers/parties to the sale. 3 brothers have passed away. I am representing 5 parties (including those passed away. I have all 5 PoAs). One brother prefers to represent himself.
Each share is less than 50 Lacs.
Is TDS deducted on the total amount of the 5 parts? or is there no TDS because each share is less than 50lacs? Are the 5 shares collective for the purposes of TDS?
Can I claim back the TDS as a NRI? I have never submitted a tax return in India before. I do have an OCI and PAN card.
CAclubindia
