14 January 2015
Even there is no capital gain at all in the transaction or the tax payable on capital gain is less that the TDS deducted, then the payer (buyer) can approach the assessing officer and get a certificate of lower or nil deduction of TDS. This is provided in subsection (2) of Section 195. Alternatively, u/s 195(3), payee (the NRI seller) also can approach the AO and get the certificate.
15 January 2015
If buyer submit the form 13 manually then the details to be provided for the last 3 assessment years about income , is to be provided of an NRI seller or buyer ???