NRI Section

How Much TDS Should Be Deducted On NRI Property Purchases?

TDS should be deducted from the sale price of an NRI-purchased property, and the rest should be given to the NRI seller. If you buy a property from a Non-Resident Indian (NRI), you must deduct tax (TDS) as required by Section 195 of the Income-tax Act of 1961. (ITA). When you make a payment to an NRI for the acquisition of a property, you must deduct tax. This is only valid if an advance is being...

What Is The Process To Follow For NRI Buying Property In India?

As per RBI regulations, a non-resident Indian (NRI) may purchase some types of real estate, while others may need special approval. A non-resident Indian who wants to purchase real estate property in India is able to do so. However, his real estate investment must be made in accordance with the Foreign Exchange Management Act's rules (FEMA). People of Indian descent who invest in real estate are...

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