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Exciting reform in Real estate sector- Non resident investors relieved of higher TDS Sigh of relief for the Non-resident investors as they do not have to face higher tax deduction at source if they do not have a Permanent Account number (PAN) The norms have been eased by the income tax department for such investors who will not be subjected to a higher rate of 20% tax deduction at source or TDS on their interest earnings, royalty or technical fee if they furnish some personal details such as e-mail and contact number, residential address and tax residency certificate from their home country.  If the country does not provide tax residency certificate
In this case, the investor can provide tax identification number or any other unique identification number issued by the country of residence/home country. Want to get rid of higher TDS and do not have a PAN? Do not worry! Get your documents ready. (Source: http://realty.economictimes.indiatimes.com/news/regulatory/india-eases-norms-for-non-resident-investors-scraps-higher-tds/52965961)
75 Comments
31/7/2016 10:24:19 pm
That’s great information! I’m a non-resident and I’ve been paying some real taxes. Thanks for sharing. 9/8/2016 11:09:06 pm
Hello nice, 21/12/2016 12:09:06 pm
WTC Association has joined hands with VIRIDIAN RED for Faridabad WTC's commercial project. VIRIDIAN RED is one of the out of box kind of organization who tries to do something different with their every next project and this is their centre symbolize quality of working. 23/2/2017 02:18:17 am
I really wanted this news for my research work, though the extreme non-residents are doing a lot for people, good and informative article, it will help me and keep updated with more and more such news.
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1/5/2017 10:29:13 pm
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Brigade El Dorado is partner coming residential development created by way of Brigade Group. Located in Aerospace Park, Bagalur Road street road, north metropolis this assignment is proximate to Aerospace Park, Bagalur Road avenue . Provident Park Square is an extravagant residential hub for all those looking out for an apartment in posh localities in-housing all essential amenities and features. This venture comprises of 2 and 3 BHK premium class apartments with fabulous interiors and exteriors. The Brigade Woods is an upscale residential evolution patterned by Brigade Groups in plush and scenic surrounds Whitefield. This housing premise advances over a large land area and includes 1, 2, 3, 4 BHK residential units which are well-ventilated and spacious. The project maintains a perfect balance of open space to construction area ratio, thus making way for healthy, fresh atmosphere. 18/3/2018 04:05:12 am
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Brigade Woods is a luxury apartment in Whitefield Bangalore. Brigade Woods is coming with new project called Brigade Woods in Whitefield. Hurry up and book now to grab prelaunch offer today. 21/8/2018 11:20:59 pm
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The properties of Shriram Blue will be the most suitable option for a family to own and reside in Bangalore. It will become a lot easier to commute as the arterial roads offer a seamless connectivity with the rest of the important locations in the city. 9/9/2018 11:12:45 pm
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The Prestige Smart City – a dewy residential undertaking from Prestige institution is stationed in sarjapur avenue of east bangalore. Elegantly deliberate with goal of making a housing format amidst the green glowing gardens, Prestige Smart City assures of imparting gleeful breath to its population 24/4/2019 09:38:52 pm
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Thank you for sharing such an insightful article. Hope to read more content just like this in the future. Leave a Reply. |
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