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NRI LOWER TAX DEDUCTION CERTIFICATE SALE OF PROPERTY
@ Rs 4,599
HOW IT WORKS
ADVANTAGES & BENEFITSWORKS
DOCUMENTS REQUIRED
- PAN and Aadhar card of Buyer and seller
- TAN number of buyer
- Draft sale deed
- Register property purchase agreement
- Last two year’s income tax computation of seller
DOCUMENTS REQUIRED
- Bank statement reflection of the amount already transferred
- Passport copy of the non resident seller
- Digital signature if available
- Income tax computation of sellers for past 3 financial years
FAQs
If an Indian citizen is spending at least 182 days out of India.
The main objective of lower tax deduction certificate is to give relief to those assesses where TDS deduction is more than the proposed Income Tax liabilities.
Any non resident who is selling the property can apply for the certificate.
Once applied generally, it takes 10-20 working days for LTDC issuance by Income Tax Department.
Normally in following cases the application for lower tax deduction may be rejected.
- A. Large demands on Income Tax portal
- B. Income tax liabilities greater than tax deduction
- C. Sale deed already registered
- D. Incorrect data submission
We handle the entire process from document preparation till the issuance of final certificate from income tax department.