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TDS - 1 Deduction - JOINT Buyers - OCINRI Foreign buyers

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TDS - 1 Deduction - JOINT Buyers - OCINRI Foreign buyers

Last updated: July 28 2020
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  • TDS - 1 Deduction - JOINT Buyers - OCINRI Foreign buyers

    I am buying a property with another person.

    Both of us are Foreign citizens, but of Indian origin, and have OCI card. Both of us have Pan cards and Aadhaar cards.

    I have NEVER filed an Income tax return in India, as I have NEVER earned in India.

    The other person has filed IT returns in India, mostly TDS interest refund from bank account.

    Will I have any problem, depositing the 1℅ TDS to Indian IT as they have no record of any IT returns from me. Do I have to register on the TRACES website or Indian Income Tax website before I can submit the 1% TDS on the property.



    We are buying the house 50:50 joint. So is the TDS we deduct and submit 0.5% each or 1% each?



    Thanks
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