Hello Sir/Madam
My brother, who is a NRI, is planning to sell his apartment, which he purchased in 2006. The buyer informed him that the TDS would be deducted at 20% since he couldn't produce the LDC/Form 13.
My question.
- Can the entire 20% + cess be claimed back if the capital gain is Nill?
- if so, should he wait until the end of FY to submit the refund and how long will the refund process take?
PS: He doesn't have any other income in India.
Pls help clarify the above questions. Thanks a ton.
CAclubindia
