before 1 April 2019), at the time of acquisition of the residential house property, you would not be eligible to claim deduction under Section 80EEA of the Act. The subsequent transfer of the previously sanctioned loan to another bank for the same house property may not be eligible for this deduction. While the seller has the requisite RBI approvals, I would like to know how to pay TDS on the sale deed. NunesWe have presumed that the said foreign national qualifies as a non-resident of India as per Section 6 of the Income Tax Act, 1961. The provisions of deduction of taxes at source on payments made to non-residents are governed by Section 195 of the Act.

Source: Mint May 09, 2021 19:30 UTC