TDS for OCI (All you need to know when buying a property from an OCI in Goa.

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Rishad D'cruz

Rishad D'cruz

Күн бұрын

Rishad D’Cruz is an honors alumnus of the University of Wales, UK. With an MBA in marketing and a degree in business as well as digital media, he worked in London at a private college in the marketing department after which he was headhunted by a leading developer in Goa to work as a Marketing manager. Two years later he co- founded Rain Developers, a property development, project management and construction-contracting company in Goa, India. He has undertaken multiple development projects for India’s most successful individuals, from Politicians and Industrialists to cricketers. Some of his UK based clients have commissioned his organization to plan and execute complex Architectural design briefs. With over eleven years of experience in the real estate field, in Goa and the UK, he has a keen eye for detail and an in-depth knowledge of the intricacies of the planning application system in the state of Goa. To get in touch e-mail rishaddcruz@gmail.com

Пікірлер: 6
@befrankpls
@befrankpls 7 ай бұрын
Perfect thanks so much. God bless. Very informative
@newsunday
@newsunday 10 ай бұрын
Thanks RD, Just to reverify what you said the OCI selling the property has to pay the Govt 22.88% tax (so oci losses 21.88% compared to a Indian citizen selling the property ie 1%) to my understanding. Am I right? Thanks
@rishaddcruz2048
@rishaddcruz2048 10 ай бұрын
Wrong. Nobody loses anything. It’s just a tax deduction that is refunded when you file your returns next year. Indian sellers 1% deducted and OCI sellers 22.88% (over 50 lakhs)
@mukesh-sh4gk
@mukesh-sh4gk 9 ай бұрын
However if an oci stays for 182 days or more in India in a financial year then only 1% tds is to be deducted. Right?
@emanuelgracias8402
@emanuelgracias8402 7 ай бұрын
Could u elaborate on this more
@pradipbansrior847
@pradipbansrior847 Ай бұрын
Hi RD, thanks for the information. I would like to know if the flat from an OCI is purchased by husband and wife (both) in their names. Do both ( husband and wife)of them need to apply for TAN ?
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