Transfer of Property

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..... Dear Sir / Mam, An NRI transfer his funds ₹ 2 crore to NRO account and participated in Auction to buy a property, and transferred the amount to bank. Now the original owner of that property is .....

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..... requesting NRI to give back the property to him and he is ready to pay NRI ₹ 25 Lakhs for this. Now bank will refund the 2 Crore to NRI to his saving account. In this process NRI received as In .....

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..... come ₹ 25 Lakhs without doing the property registration. How to treat these transaction in Income tax Withrespect to NRI and Actual Owner of the property? Should Actual owner to deduct TDS @ 20 .....

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..... .88% for the NRI transaction? - Reply By Padmanathan Kollengode - The Reply = In my humble opinion, the income will be taxable as income from other source in the hands of the NRI. The Actual Ow .....

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..... ner has to deduct TDS @ 20.8% on 25 lakhs u/s 195 . - Transfer of Property - Query Started By: - KUMAR Narasimhan Dated:- 15-4-2022 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Know .....

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..... ledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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