Planning to buy NRI apartment with SPA execution
2 years ago
Planning to buy apparent which is holder of NRI ( As of now in UK ) more than 6 years he is staying out of india.
This NRI will give SPA to his father so that he will register/sell the property.
1) They are saying that once agreement is done will apply for TDS as per agreement and will get TDS certification on my name.
2) Once got the TDS certification will go for registration as per agreement and TDS .
If I pay the TDS , Am I have any issues in future.
do we need to know any more points on this TDS process.
I think his father needs to sign on Agreement after he got SPA .
Please let me know on this issue.
if property value is 1 core then , for which amount they need to apply for TDS.
Seller saying they will TDS certificate @ 1 percent as per their debts/credits.
Do we need to know any more on this TDS part .
It's best if you get an opinion on this TDS-related component from a trained chartered accountant or a banking specialist, as they're better placed to do so. Hope this clarifies your query.
Thank you!
Vaidehi Samant
Responded 2 years ago
A.It would be advisable if you confirm this TDS related part from any qualified chartered accountant or a banking professional as they are better equipped to have opinion on such matters. Thank you.
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