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

TDS obligation on property purchase: does an NRI purchaser owe withholding when paying a resident developer for a high value flat? Whether a non resident Indian purchaser who acquires a residential flat from a resident land developer and pays a consideration exceeding the statutory monetary threshold is required to deduct tax at source under the provision concerning deduction on transfer of immovable property, focusing on the buyer's withholding obligation and the timing of deduction at the point of payment to the resident seller.