Hi sir , please reply I want to purchase property on joint names me and my wife , will it require two tan?i have already applied for tan on my name Please reply All the videos related to nri property are best thank you making it easy for us😊
If in a case property value is 66 lac and 2 sellers 1 NRI 1 Indian How much need to pay tds 1 NRI 22.8% of 66 or 33 lac 2 Indian 1% of 33 lac Please guide confusion in NRI TDs amount
Hi thanks a lot for this useful video it's helped lot Just one query i am planning to buy one resale flat in crossing republic area Ghaziabad (UP) and owner is NRI ( He stay somewhere in Atlanta) is RBi approval mandatory for this and what will be the TDS value for 86 lakh flat price Pls help with this query thanks
If there are two sellers both nri and we are two buyers and deal value is 74 L, then property share per seller is considered less than 50 L or full value? Also tds to be deducted on gains or deal value?
Pay TDS - Can use TDS Return (234E) link TDS return(form 27Q-payment to Non-Resident) - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-mkQDF0BtRQM.html
If a property value is 1cr then should buyer pay extra 22 lacs which becomes total 1.22cr or should he pay 78 lacs +22lac(tds) for the property , need some clarification
Thank you very informative. Meanwhile would you please help clarify if the Sellers are 2 NRI's and Buyers are 1 Resident Father actual investor & 1 NRI Son who doesn't have any investment. In this case is TAN required for both buyers ? or only for Resident Buyer (Father). Since son is NRI and he does not have any investment how can he deduct the TDS?
Complicated scenario but i believe you are asking that if there are 2 buyers, on of them is a NRI son, should he also deduct TDS.. the answer i think is simple.. all buyers are supposed to deduct tds per the law at least.. if the som doesnot have any investment, how is he the buyer ? for taxation, it will be assumed that since son is the buyer, he is putting in money and is not where just for namesake.. i am not an expert at this but just my 2 cents per my understanding.. please do consult a CA/ lawyer/ local broker if there is still any confusion..
My father got general power from his NRI friend and payed full amout to NRI seller . After that my father sale deeded to Me and Mother 2 buyer total value of property is 18 lakhs sold to me and my mother 9 + 9 should we need to pay tds for that 18 lakhs and tds amount also deducted
Hello Bharat, thanks for this video. A couple of questions: 1. What happens if Pay the 23.92% TDS a week before the sale deed registration, but for some reason either me or the NRI seller backs out of the deal. How can I get back 23.92% amount that I paid as TDS?
@@BharatArora5 I spoke to a couple of CA. They told me that you have to visit the IT department of your city and follow up with them. It might take 2-3 months but you will your money back. Might have to bribe them as well. The owner looks genuine, So I'm going forward with it. I'll make sure that the time u between TDS payment and sale deed registration is not a lot. Like 2-3 days of difference only. That will be less risky.
@bharatarora5 Thanks for the video, very useful. I had a question on tax payment. epay tax link on IT portal doesn't show the relievant section. Can you please share the procedure to deposit the tds amount using TAN?
Please check out the below, hope they help ! Pay TDS - Can use TDS Return (234E) link TDS return U/s 234e (Late Filing) - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-YEglG9c2pt4.html TDS return(form 27Q-payment to Non-Resident) - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-mkQDF0BtRQM.html How to apply for TAN - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-B0e2tiQJ8iU.html How to register on Traces Website as Deductor - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-PxPTgdI0rx4.html How to issue Form 16A - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE--5JS38z30no.html Change Owner(Name/ Mobile) in Property Tax - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jadMirj6PvU.html Pay Property Tax Online - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ZQoAbxlXcB0.html
Hi, the seller has shared his joint account details. Seller, his wife and his daughter are joint account holders. However property is registered in name of seller and his wife. Shall I transfer the whole amount to this joint account? Thank you for making this video.
Hi Sir, i consulted with a ca regarding this the nri seller has nro account. We paid tds would it require 15ca/cb before the tds payment. The bank did not ask the 15ca/cb so the ca did not provided the same. Please urgent reply if you had apply for 15ca/cb before tds payment! I would be very helpful because registration is tomorrow.
We have already made a sale agreement without knowing all this stuff in Feb 24. The seller is applying for form13 now and may take some time dor lower tds. Now we are planning to go ahead with registration and I am planning to hold 20% of Sale agreement since it’s already late. Will I get 1 month time to deduct TDS at 20% or whatever they get tax as an output of form 13. Is it fine to go ahead like this sir? Hope you got it
How to file TDS return(form 27Q-payment to Non-Resident) using free Software by IT Dept| New| Latest ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-mkQDF0BtRQM.html
Hi my NRI seller is asking for paying his 22 lakh loan via my loan , the loan amount is half the cost of the property , this transaction will happen via agreement to sale and the seller is coming only for 15 days , is it safe to go ahead with this deal ? Seller will create TAN before coming
This seems normal, paying off a loan from seller with buyers loan.. do you see any risk ? do check with your bank from which you are getting a loan before signing the ATS.. They can let you know if the paperwork is complete.. Good luck
@@BharatArora5 seller is asking me to use the same bank SBI only issue is property tax 1st owner name is there which seller is asking me to directly transfer to my name and seller will come sign the Agreement to sale and then will go to his hometown and will come back to sign the deed my only issue what if I clear the loan and seller takes the property paper and doesn’t return to sign the deed
