Tds payment u/s 194ia in case of non-resident

406 views 1 replies

I am selling my Flat to a Non-resident. So, as per provisions of 194ia, He needs to deduct TDS @ 1% on sales consideration, which he agreed to do. Now while making payment the Form asks for PAN of Non-resident which he doesn't have and without PAN of buyer the payment can't be made. The non-resident is not willing to have PAN in India.

                                                                   

Is there any way out for this??

Replies (1)

It is mandatory to provide PAN for the buyer and seller. I do not think there is any other option as this provision has been brought in to reduce black money transaction.

 

Regards

Vineet

www.financeandtaxhub.blogspot.com

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register