What A Resident Must Know Before Buying Property From A Non Resident?

non resident

It is not just a buy and sale transaction when a resident of India buys a property from a non resident. Since the  sale of immovable property  by non resident entails payment of sale consideration by the buyer who is resident Indian , tax has to be deducted at source and paid to government as per section 195 of the I T Act before paying the sum to the non resident seller of the … [Read more...]

TAN: How To Find Yours !


TAN or Tax Deduction Number is now required for various reasons by all who suffered in any form of TDS . When one tries to fill up the return form , the Tax Deduction Number (TAN ) of the deductor is also required. That is the time when ordinary tax payer feels frustrated.Here is an online method to find TAN of deductor Find TAN of DeductorNow do not compalin that you do … [Read more...]

RBI Circular: 90 Days for Liaison Office (LO) to Get Unique Identification Number

Under the provisions of FEMA, 1999, a person resident outside India requires the prior approval of the Reserve Bank of India for establishing a Liaison Office (LO) /Branch Office (BO) in India.However, RBI noted that many Liaison Office are functioning in India without its approval. Reserve Bank of India has issued Circular providing 90 days time to Liaison Office (LO) /Branch … [Read more...]

Find TAN of Any Company / Bank Easily


Find TAN online Now ! Filing of return of income a yearly ritual and so is the deduction of tax on certain payments. It happens many time that the bank ahs deducted tax at source and the tds certificate is not given to the deductee or is not available with the tax payer at the time of filing of return. When one tries to fill up the return form , the Tax Deduction Number (TAN ) … [Read more...]

How to easily find A.O code for PAN?

A.O Code PAN

Applicants for PAN are required to provide the AO code in their application. This information can be obtained from the Income Tax Office. Applicants may search their AO Codes on the basis of description wherever provided as NSDL provides very useful way to find out their AO Code .Just Follow following steps First Step :    Click this link You will get following … [Read more...]