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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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