I have form16 of the year 2007-08 & 2008-09(INCOME LESS
THAN 4.5 LAKH).Do not have form16 of 2009-10.shall I get
non-creamy layer certificate
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What is the TDS rules for a NRI who is partner in Partnership Firm in India and on retirement he gets Rs. 150 Lacs equal to the credit balance in his capital account. This credit in his capital account has come on account of revaluation of immovable property owned by thr firm. What is the Firm's liability towards income tax on revaluation of immovable property and what are the obligation of TDS while making payment to the NRI.
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