Penalties & Issues If You Don’t Disclose NRI Status or Follow TDS Rules in Property Sales
By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News When buying property from an NRI, many buyers mistakenly deduct only 1% TDS under Section 194-IA using Form 26QB. That provision applies only to resident sellers. For NRIs, the correct section is 195, which requires […]
