Friday, January 31, 2025

NRIs selling property in India face a maze of income tax, TDS rules: Simplification urged in Budget 2025

Non-resident property transactions in India face compliance challenges, including obtaining TAN, depositing TDS, and filing e-TDS returns. It is hoped that Budget 2025 simplifies these processes and enables overseas bank payments to ease the compliance burden for buyers and sellers, fostering smoother cross-border property deals.

from Tax-Wealth-Economic Times https://ift.tt/WEjHSOs

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