The process for buying property from an NRI is the same as the process for buying property from an Indian resident. Once you've decided on the property you want to buy, you must register it with the municipal authorities and pay the associated registration fees.
Get assistance from NoBroker Legal ServicesIn accordance with Section 195 of the Income-tax Act of 1961, you must deduct tax (TDS) if you buy a property from a Non-Resident Indian (NRI) (ITA). Any payment you make to the NRI for the purchase of a property must be lessened by tax. This also holds true if an advance is being given.
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What are the tax implications and processes when buying property from NRI?
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2023-02-03T10:10:21+00:00 2023-02-03T10:17:51+00:00Comment
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