X AND YJOINTLY OWN A RESIDENTIAL PROPERTY FOR WHICH THEY HAVE RECD AN OFFER OF PURCHASE BY A BUILDER . X IS A NRI AND Y IS A AMERICAN CITIZEN OF INDIAN ORIGIN
THE BUILDER HAS SAID THAT HE SHALL DEDUCT TDS U/S 197 OF THE IT ACT WHILE MAKING PAYMENT ON THE GROSS AMT PAID
THEQUERY IS THE XAND Y HAVE DECIDED TO INVEST THE AMOUNT OF CAPITAL GAINS IN RESIDENTIAL PROPERTY
X PROPERTYSHAL PURCHASE IN INDIA AND Y PROPERTY IN USA
WHETHER THEY BOTH SHALL BE EXEMPT FROM CAPITAL GAINS TAX?
WHAT ARE THE REQUIREMENTS TO BE FOLLWED SO NO TDS IS DEDUCTED BY THE BUILDER AND FROM WHOM THE EXEMPTION FROM TDS CERTIFICATE IS TO BE TAKEN FROM?.
STATE REFERENCE AND CLAUSES OR WHERE FURTHER EXPLN FOR THE QUERY CANBE TAKEN FROM
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