Dear Sir / Madam,
The selller of flat is non resident. So whether the buyer is required to take TAN number to deduct TDS on purchase of the flat??
Kindly revert.
Regards,
Suraj
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Tan - non resident seller
Replies (1)
Yes, Deductor has to take TAN for Deducting TDS on payment made to non resident.
TAN is not required when TDS is to be deducted u/s 194-IA i.e when Property is being purchase by Resident.
Further you have to deduct TDS as per Sec 195 not as per 194-IA.
TAN is not required when TDS is to be deducted u/s 194-IA i.e when Property is being purchase by Resident.
Further you have to deduct TDS as per Sec 195 not as per 194-IA.
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