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Buying non-resident’s flat? Check tax impact

Individuals who have purchased property from non-residents find themselves grappling with several income tax-related challenges. To begin with, it’s difficult to determine the seller’s tax status (whether he is a resident or non-resident in India according to the I-T Act).

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OJbp61
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