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TDS

4 Topics 11 Posts
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  • Is my refund delayed?

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    You’re right. In India, even if TDS is deducted, you’ll only receive your refund smoothly if your filing is spot on. I recommend starting by reviewing your Form 26AS and AIS.

    These documents show exactly what the government has on record, allowing you to spot any mistakes early. Correct numbers now make everything quicker and help you avoid frustrating notices from the Tax Department.

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    @Explorer-Sanjay If the seller is an NRI, things are a bit different. The TDS rate is usually higher than it is for residents. They’ll need to declare their capital gains and might want to apply for a 'lower-withholding certificate' to save on tax upfront. Just make sure they have their PAN and Tax Residency Certificate ready so everything stays compliant before the filing deadline.

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    NRIs can buy a property in India, and it's totally legal, but 12.5% TDS applies in that situation.  Get a TAN (Tax Deduction Account Number), which is mandatory. You can apply for TAN online through the NSDL website (Form 49B). All these procedures will take around 7-15 working days.