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Real Estate Forum on Legal in Gachibowli, Hyderabad

Real Estate Property Discussion Forum and Guide to Real Estate Queries in Gachibowli, Hyderabad

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Q: Is an NRI tenant required to deduct TDS on rent paid for a residential property rented in India?
Latest Answer: The rules of Tax deduction at source (TDS) for rental property in India changed under the budget 2017 proposals. Effective June 1, 2017, tenants are required to deduct TDS and submit the money to the tax authorities if rental amount is Rs.50000 or more per month. Landlord must provide their PAN details to their tenant. Failure to provide PAN to tenant can result in TDS withholding 20% instead of 5%
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Q: Hi All,
i am looking to buy a flat could anyone plz confirm if this is a good option to go for. I heard there were initial delays because of legal issues but still wanted to be double sure before investing too much.
Thanks
Harshita Vijh
Latest Answer: Never buy on this property I booked and after a month they returned cheque saying prices increased of flat booked and management not approving Can not be believed on sales person words no value anytime things can be changed saying management not allowing
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