Menu
TDS on sale of property by joint NRI holders
A jointly (husband and wife)held apartment is being sold by NRI to resident Indian who are buying it jointly( Husband & wife). TDS on this has to be deducted and remitted. The question is should both the buyers individually have to deduct TDS on the half value of property on behalf of the NRI joint holders and remitt the same in individual PAN and generate Form 16 for each.
Replies (3)
Yes Both have deduct Tds and issue form 16B to the extent of their share in the property.
So 4 persons must have PAN .
But check whether 26QB accepts the payment if you select the seller is NRI
So 4 persons must have PAN .
But check whether 26QB accepts the payment if you select the seller is NRI
26QB is not accept instead 27Q will accept
So it covered by Section 195.
Payment to NRI.
27Q is applicable as said by above member
Payment to NRI.
27Q is applicable as said by above member
Recent Topic
- GST on Post-OC Installments – Payment Milest
- Sec-54F exemption and Carry forward losses
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
Related Topics
CAclubindia
