Hello All,
Just a quick question .. I have a property which is currently under development. Builder had given yes the post dated cheques towards late running of the development and handing over back our flats. I am a NRI and
a. I have inherited this property from my parents who are no more.
b. I don't have any income in India.
Now Builder is asking us the return the cheques and re-issue the cheques after deducting 10% or 20% if you don't have PAN card, which I don't have, as TDS under 194 -I law.
Am I correct in assuming , my case doesn't come under the merit of TDS?
Your valuable suggestions/comments are most welcome.
Thanks & Regards,
VG.
CAclubindia
