What is liability under Income Tax , if property purchased from Non resident

By | December 2, 2017
(Last Updated On: December 2, 2017)

What is liability under Income Tax , if property purchased from Non resident

I am buying a property from a person residing in USA. Should I deduct tax while making payment?

Yes, under Section 195 of Income Tax Act .

In case you have any doubt regarding the amount on which TDS is to be made, you may file an application with the officer handling non-resident taxation who will pass an order determining the TDS to be made.

Alternatively, if the recipient feels that the TDS is more he may file an application with his Assessing Officer for non-deduction.

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