Dear Sir,
My Client is selling his property to NRI exceed Rs. 50/- Lacs but NRI does not have PAN then what we will do for furnishing of 26QB and Tax payment.
Menu
Tds on sale of property to nri
Replies (2)
NRI need to have PAN for this transaction. Objective to make this transaction subject to TDS is to curb the black money in real estate.
Therefore you have no option except to apply for PAN. Below you will find good information about how to apply for PAN.
https://financeandtaxhub.blogspot.in/search/label/Permanent%20Account%20Number%20%28PAN%29
The NRI must have PAN, if he does not have PAN the he must apply for the PAN.
This is for restricting the Black money.
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
