Whenever payment is made to NRI, TDS is required to be deducted. TDS deducted at the time of making payment or due whichever is earlier. NRI can get certificate from department for Non deduction or lower deduction of TDS subject to some conditions.
Scope: Applicable only for Non resident Indian NRI, not applicable to resident Indian.
Service Includes
- Registration at Traces
- Preparation of Estimated Computation of Income for the year
- Filing of Form 13
- Generation of Lower/Nil TDS deduction certificate
Required Documents
- Form 26AS of Seller NRI
- KYC OF BUYER & SELLER
- Self Attested Income Estimation of CY for which form 13 is filing
- Return of Income/ Computation of Estimated Income of any last four years preceding the year for which form 13 is filing.
- Other documents/details as required
Frequently ask questions
This Plan is for NRI seeking approval for Nil/Lower deduction of TDS.
Ex: TDS on sale of property by NRI seller attract TDS @ 20.8% (For LTCG); if the total tax liability of a payee is less than TDS deducted on this income, then deductee can can make an application for Non-Deduction/ Lower Deduction of tax in Form 13 to his Assessing Officer (AO).
It usually take 9-10 working days or subject to approval from Assessing officier AO.
No, Form 13 is required to be filed separately for each financial year.
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