If the buyer is NRI so in sales agreement do we mention that (22%) TDS or a usual 1%. Also do we mention POA details in sales agreement? The initial sales agreement
My father got general power from his NRI friend and payed full amout to NRI seller . After that my father sale deeded to Me and Mother 2 buyer total value of property is 18 lakhs sold to me and my mother 9 + 9 should we need to pay tds for that 18 lakhs and tds amount also deducted
If in a case property value is 66 lac and 2 sellers 1 NRI 1 Indian How much need to pay tds 1 NRI 22.8% of 66 or 33 lac 2 Indian 1% of 33 lac Please guide confusion in NRI TDs amount
Hi thanks a lot for this useful video it's helped lot Just one query i am planning to buy one resale flat in crossing republic area Ghaziabad (UP) and owner is NRI ( He stay somewhere in Atlanta) is RBi approval mandatory for this and what will be the TDS value for 86 lakh flat price Pls help with this query thanks
Sir, is there any requirement to fill 15CA and CB if buyer is paying in seller NRO Account and Seller is applying for lower deduction after token money received
If there are two sellers both nri and we are two buyers and deal value is 74 L, then property share per seller is considered less than 50 L or full value? Also tds to be deducted on gains or deal value?
Thank you very informative. Meanwhile would you please help clarify if the Sellers are 2 NRI's and Buyers are 1 Resident Father actual investor & 1 NRI Son who doesn't have any investment. In this case is TAN required for both buyers ? or only for Resident Buyer (Father). Since son is NRI and he does not have any investment how can he deduct the TDS?
Complicated scenario but i believe you are asking that if there are 2 buyers, on of them is a NRI son, should he also deduct TDS.. the answer i think is simple.. all buyers are supposed to deduct tds per the law at least.. if the som doesnot have any investment, how is he the buyer ? for taxation, it will be assumed that since son is the buyer, he is putting in money and is not where just for namesake.. i am not an expert at this but just my 2 cents per my understanding.. please do consult a CA/ lawyer/ local broker if there is still any confusion..
If a property value is 1cr then should buyer pay extra 22 lacs which becomes total 1.22cr or should he pay 78 lacs +22lac(tds) for the property , need some clarification
I have very important question as I am in the process. So I paid advance of 2 lacs to seller who is NRI in his Indian account which is not NRO. Will that make any difference? Pls suggest
Hi, the seller has shared his joint account details. Seller, his wife and his daughter are joint account holders. However property is registered in name of seller and his wife. Shall I transfer the whole amount to this joint account? Thank you for making this video.
Hello Bharat, thanks for this video. A couple of questions: 1. What happens if Pay the 23.92% TDS a week before the sale deed registration, but for some reason either me or the NRI seller backs out of the deal. How can I get back 23.92% amount that I paid as TDS?
@@BharatArora5 I spoke to a couple of CA. They told me that you have to visit the IT department of your city and follow up with them. It might take 2-3 months but you will your money back. Might have to bribe them as well. The owner looks genuine, So I'm going forward with it. I'll make sure that the time u between TDS payment and sale deed registration is not a lot. Like 2-3 days of difference only. That will be less risky.
@@spillai6000hey I have some query. So I am buying a flat from NRI in Bangalore. So during the first sales agreement which include advance amount and all Do we mention POA details In that? Also do we mention TDS mention in that agreement. Also, should it’s recommended to pay TDS 2-3 days before final registration? It would be great if you can explain the process. Also, in this NRI case should I hire a broker or a CA to do end to end process?
Hi Sir, i consulted with a ca regarding this the nri seller has nro account. We paid tds would it require 15ca/cb before the tds payment. The bank did not ask the 15ca/cb so the ca did not provided the same. Please urgent reply if you had apply for 15ca/cb before tds payment! I would be very helpful because registration is tomorrow.
Hi my NRI seller is asking for paying his 22 lakh loan via my loan , the loan amount is half the cost of the property , this transaction will happen via agreement to sale and the seller is coming only for 15 days , is it safe to go ahead with this deal ? Seller will create TAN before coming
This seems normal, paying off a loan from seller with buyers loan.. do you see any risk ? do check with your bank from which you are getting a loan before signing the ATS.. They can let you know if the paperwork is complete.. Good luck
@@BharatArora5 seller is asking me to use the same bank SBI only issue is property tax 1st owner name is there which seller is asking me to directly transfer to my name and seller will come sign the Agreement to sale and then will go to his hometown and will come back to sign the deed my only issue what if I clear the loan and seller takes the property paper and doesn’t return to sign the deed
We have already made a sale agreement without knowing all this stuff in Feb 24. The seller is applying for form13 now and may take some time dor lower tds. Now we are planning to go ahead with registration and I am planning to hold 20% of Sale agreement since it’s already late. Will I get 1 month time to deduct TDS at 20% or whatever they get tax as an output of form 13. Is it fine to go ahead like this sir? Hope you got it
@bharatarora5 Thanks for the video, very useful. I had a question on tax payment. epay tax link on IT portal doesn't show the relievant section. Can you please share the procedure to deposit the tds amount using TAN?
Please check out the below, hope they help ! Pay TDS - Can use TDS Return (234E) link TDS return U/s 234e (Late Filing) - th-cam.com/video/YEglG9c2pt4/w-d-xo.html TDS return(form 27Q-payment to Non-Resident) - th-cam.com/video/mkQDF0BtRQM/w-d-xo.html How to apply for TAN - th-cam.com/video/B0e2tiQJ8iU/w-d-xo.html How to register on Traces Website as Deductor - th-cam.com/video/PxPTgdI0rx4/w-d-xo.html How to issue Form 16A - th-cam.com/video/-5JS38z30no/w-d-xo.html Change Owner(Name/ Mobile) in Property Tax - th-cam.com/video/jadMirj6PvU/w-d-xo.html Pay Property Tax Online - th-cam.com/video/ZQoAbxlXcB0/w-d-xo.html
Hi sir , please reply I want to purchase property on joint names me and my wife , will it require two tan?i have already applied for tan on my name Please reply All the videos related to nri property are best thank you making it easy for us😊
![How to Negotiate a lower price on a property [6 Mistakes to Avoid]](http://i.ytimg.com/vi/jF337Xw4UZQ/mqdefault.jpg)
very helpful video, thank you
Happy to help 🙏🏻
Thanks so much for your video. It was very informative.
Also, in case of buying flat from
NRI it’s better to go with CA or a broker for sales registration documentation khatha and all in Bangalore
Thank you for video on this! 👍
Glad it helped 🙏🏻
If the buyer is NRI so in sales agreement do we mention that (22%) TDS or a usual 1%. Also do we mention POA details in sales agreement? The initial sales agreement
Thank you. Could you please post the link for 'Pay TDS - Can use TDS Return (234E) link' which is currently missing
How to get singed "agreement to sale" letter in case owner is NRI ? Because its required for loan application
Very detailed vedeo sir . Thanks for sharing..
Glad it helped 🙏🏻
Should we surrender TAN once the payment is done and Form 16 is generated? Please clarify.
If property is below 50lac,is it necessary that tds has to charged by buyer
very nicely explained
My father got general power from his NRI friend and payed full amout to NRI seller . After that my father sale deeded to Me and Mother 2 buyer total value of property is 18 lakhs sold to me and my mother 9 + 9 should we need to pay tds for that 18 lakhs and tds amount also deducted
Hi Bro, my doubt is should we go for property registration after form 16a process is completed or we can go for registration ITNS 281
Really Helpfull thanks 👍
What if in case of joint seller one seller is nri and the other is resident!
Interesting 🤔 NRI rules would apply to NRI and normal to resident i would guess..
If in a case property value is 66 lac and 2 sellers
1 NRI
1 Indian
How much need to pay tds
1 NRI 22.8% of 66 or 33 lac
2 Indian 1% of 33 lac
Please guide confusion in NRI TDs amount
Hi thanks a lot for this useful video it's helped lot
Just one query i am planning to buy one resale flat in crossing republic area Ghaziabad (UP) and owner is NRI ( He stay somewhere in Atlanta) is RBi approval mandatory for this and what will be the TDS value for 86 lakh flat price
Pls help with this query thanks
Do you mean does buying from NRI require RBI approval ? Please see this link...
www.rbi.org.in/scripts/FAQView.aspx?Id=12
Sir, is there any requirement to fill 15CA and CB if buyer is paying in seller NRO Account and Seller is applying for lower deduction after token money received
Very useful video 👏👏👏👌🙏
Glad it helped 🙏🏻
Insightful Video Bharat. Does the buyer require Aadhar card of the seller for KYC verification ?
Bank asked me to get verified power of attorney executed in USA , how it can be done
Great Video! Thank you
Gald it was helpful !
If there are two sellers both nri and we are two buyers and deal value is 74 L, then property share per seller is considered less than 50 L or full value?
Also tds to be deducted on gains or deal value?
Pay TDS - Can use TDS Return (234E) link
TDS return(form 27Q-payment to Non-Resident) - th-cam.com/video/mkQDF0BtRQM/w-d-xo.html
@@BharatArora5 sellers are NRI but buyers are residents of India. Then ?
How to verify if seller is NRI or not?
Thank you very informative.
Meanwhile would you please help clarify if the Sellers are 2 NRI's and Buyers are 1 Resident Father actual investor & 1 NRI Son who doesn't have any investment. In this case is TAN required for both buyers ? or only for Resident Buyer (Father). Since son is NRI and he does not have any investment how can he deduct the TDS?
Complicated scenario but i believe you are asking that if there are 2 buyers, on of them is a NRI son, should he also deduct TDS.. the answer i think is simple.. all buyers are supposed to deduct tds per the law at least.. if the som doesnot have any investment, how is he the buyer ? for taxation, it will be assumed that since son is the buyer, he is putting in money and is not where just for namesake.. i am not an expert at this but just my 2 cents per my understanding.. please do consult a CA/ lawyer/ local broker if there is still any confusion..
Thank you sir for your advise
Most welcome.. hope it helped 🙏🏻
If a property value is 1cr then should buyer pay extra 22 lacs which becomes total 1.22cr or should he pay 78 lacs +22lac(tds) for the property , need some clarification
Latter one 78 + 22L for tds
That depends on your deal close value with the seller.. if you have closed the deal at 1 CR, then 78+22 but if the deal is closed at 1.22 then 1+.22..
I have very important question as I am in the process. So I paid advance of 2 lacs to seller who is NRI in his Indian account which is not NRO. Will that make any difference? Pls suggest
This should already be covered in the video
Hi, the seller has shared his joint account details. Seller, his wife and his daughter are joint account holders. However property is registered in name of seller and his wife.
Shall I transfer the whole amount to this joint account?
Thank you for making this video.
I think to be on a safer side, you should transfer to seller and wife equally and not to joint account..
@@BharatArora5 Can i do the payment via cheque then? Will it be safer on my part? they can cash it into joint or individual accounts right?
Hello, I need a help regarding 27Q return filing , can i connect with you ?
How to file TDS return(form 27Q-payment to Non-Resident) using free Software by IT Dept| New| Latest
th-cam.com/video/mkQDF0BtRQM/w-d-xo.html
Hello Bharat, thanks for this video. A couple of questions:
1. What happens if Pay the 23.92% TDS a week before the sale deed registration, but for some reason either me or the NRI seller backs out of the deal. How can I get back 23.92% amount that I paid as TDS?
I believe you would have to file a return to get refund.. Pls do let us know what you finally do so others can benefit from it as well...
@@BharatArora5 I spoke to a couple of CA. They told me that you have to visit the IT department of your city and follow up with them. It might take 2-3 months but you will your money back. Might have to bribe them as well.
The owner looks genuine, So I'm going forward with it. I'll make sure that the time u between TDS payment and sale deed registration is not a lot. Like 2-3 days of difference only. That will be less risky.
@@spillai6000 Currently I am in the same situation. Planning to pay the tds a day before registration. Would love to hear your experience
@@spillai6000hey I have some query. So I am buying a flat from NRI in Bangalore. So during the first sales agreement which include advance amount and all
Do we mention POA details
In that? Also do we mention TDS mention in that agreement.
Also, should it’s recommended to pay TDS 2-3 days before final registration? It would be great if you can explain the process.
Also, in this NRI case should I hire a broker or a CA to do end to end process?
@spinxogal go with Ca or a broker as they are experts and we do limited or once or twice in a lifetime transaction..
Hi Sir, i consulted with a ca regarding this the nri seller has nro account. We paid tds would it require 15ca/cb before the tds payment. The bank did not ask the 15ca/cb so the ca did not provided the same.
Please urgent reply if you had apply for 15ca/cb before tds payment! I would be very helpful because registration is tomorrow.
Please urgent reply if you had apply for 15ca/cb before tds payment! I would be very helpful because registration is tomorrow.
No necessary is what i recall based on some conditions.. like if lower tds certificate applied for
@@BharatArora5 lower tds not applied thank for your prompt response sir!😇
@@laxitkamdar1054 Sir, did you file 15ca and cb
Hello Arora ji, Me and my wife (housewife) are buying property from a NRI, do we both have to open TAN account separately and deduct TDS!
Yes, as explained in the video considering all other factors too !
Hi my NRI seller is asking for paying his 22 lakh loan via my loan , the loan amount is half the cost of the property , this transaction will happen via agreement to sale and the seller is coming only for 15 days , is it safe to go ahead with this deal ? Seller will create TAN before coming
This seems normal, paying off a loan from seller with buyers loan.. do you see any risk ? do check with your bank from which you are getting a loan before signing the ATS.. They can let you know if the paperwork is complete.. Good luck
@@BharatArora5 seller is asking me to use the same bank SBI only issue is property tax 1st owner name is there which seller is asking me to directly transfer to my name and seller will come sign the Agreement to sale and then will go to his hometown and will come back to sign the deed my only issue what if I clear the loan and seller takes the property paper and doesn’t return to sign the deed
You need to check the authenticity of the transaction and involve a broker as applicable.. see the sellers place/ location of stay..
👌🏽👍🏻👍🏻👍🏻
Hi sir, thank you. The video has been very helpful and informative. Can I please connect with you. I am in a tricky situation.
Glad it helped.. please post your question here and I will try to help if I can 🙏🏻
We have already made a sale agreement without knowing all this stuff in Feb 24. The seller is applying for form13 now and may take some time dor lower tds. Now we are planning to go ahead with registration and I am planning to hold 20% of Sale agreement since it’s already late. Will I get 1 month time to deduct TDS at 20% or whatever they get tax as an output of form 13. Is it fine to go ahead like this sir? Hope you got it
@bharatarora5 Thanks for the video, very useful. I had a question on tax payment. epay tax link on IT portal doesn't show the relievant section.
Can you please share the procedure to deposit the tds amount using TAN?
Please check out the below, hope they help !
Pay TDS - Can use TDS Return (234E) link
TDS return U/s 234e (Late Filing) - th-cam.com/video/YEglG9c2pt4/w-d-xo.html
TDS return(form 27Q-payment to Non-Resident) - th-cam.com/video/mkQDF0BtRQM/w-d-xo.html
How to apply for TAN - th-cam.com/video/B0e2tiQJ8iU/w-d-xo.html
How to register on Traces Website as Deductor - th-cam.com/video/PxPTgdI0rx4/w-d-xo.html
How to issue Form 16A - th-cam.com/video/-5JS38z30no/w-d-xo.html
Change Owner(Name/ Mobile) in Property Tax - th-cam.com/video/jadMirj6PvU/w-d-xo.html
Pay Property Tax Online - th-cam.com/video/ZQoAbxlXcB0/w-d-xo.html
Hi sir , please reply I want to purchase property on joint names me and my wife , will it require two tan?i have already applied for tan on my name
Please reply
All the videos related to nri property are best thank you making it easy for us😊
Loot of changes in budget of 2024 -2025 ur video is 10 month old. Up load new video.
Can you please share what has changed ?
@@BharatArora5 LTCG on assets for Non resident has changed from 20% to 12.5%