Intellectual Property Rights: Practice and Drafting by Adv Gautam Matani. Register Now!
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Hitesh Rughani (Proprietor)     11 April 2012

Purchase of an nri property

I am purchasing a residential flat from an NRI. What should I do to deduct the tax ? How much ? and what to do with such tax amount ?


 1 Replies

Vineet (Director)     13 April 2012

Yes you are liable to deduct withholding tax on income arising to NRI on the property sale. You will have to ask for relevant details from the seller. Please seek help of a local consultant.

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