SIR,
MR..R. IS NRI AND INDIAN INCOME FILED UP TO ASST-YEAR 2018-19.
HE PURCHASE PROPERTY IN INDIA RS.ONE CORE
MY QUERY IS
1. Did HE apply FOR TAN NUMBER COMPULSORY?
2. Did HE collect TDS RATE?
3. ALL THE AMOUNT TR. FROM.NRI A/C
4. DOCUMENT SIG BY THIS POWER HOLDER?
Clarifying Tax Rules for NRIs: TAN Requirement, TDS Rate, Fund Transfers, and Power of Attorney for Indian Property Purchase. An individual inquired about the tax implications for a Non-Resident Indian (NRI) purchasing property in India valued at one crore. The questions raised include whether the NRI must apply for a Tax Deduction and Collection Account Number (TAN), the applicable Tax Deducted at Source (TDS) rate, the transfer of funds from an NRI account, and whether the property documents can be signed by a power of attorney holder. The discussion aims to clarify these tax-related requirements for NRIs investing in Indian real estate. (AI Summary)
TaxTMI 
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