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 Threads
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of itr form
- DTAA with US - Interest & Dividend
- Last Year ITR Not Filed and Hence NO TDS was claim
- Does ITR2 take much longer for processing
- New GST Reforms 2025 Announced by PM Modi –
- Share capital Amount
- Fund claimed as nominee of deceased Parent
- ITC claim on cements and Steels
Related Threads
CAclubindia
