Section 194 ia

[amandeep singh]

if a NRI buys a Flat from a resident land developer, the consideration is above 50 lakhs.

should the nri deduct tds under section 194 ia during the time of payment

AI Summary

NRI Buying Flat Over 50 Lakhs: Must Deduct TDS Under Section 194IA During Payment, Ensuring Tax Compliance. An individual inquired whether a Non-Resident Indian (NRI) purchasing a flat from a resident land developer for over 50 lakhs is required to deduct Tax Deducted at Source (TDS) under Section 194IA of the Income Tax Act at the time of payment. The discussion focuses on the applicability of TDS obligations for NRIs in such transactions, emphasizing compliance with tax regulations.