Tds deduction from nri
This query is : Open
08 December 2011
One NRI Mr. A is selling his Immovable properties to Mr. B and Mr. C and the registration deeds will be signed in March 2012 and June 2012 respectively. Both the buyers are going to deduct TDS @ 30% on the entire sale consideration. Please guide me-
1) That they are right in deducting TDS @ 30% on the Sale Consideration or should deduct on Capital Gain.
2) That the seller Mr. A will be suffering long term Capital Loss in the both the deals.
3) The procedure for obtaining No TDS deduction certificate from Income Tax department whether to apply in Form 13 or in Form 15D.
4) Where to apply for Non TDS Deduction Certificate – whether to Assessing Officer having jurisdiction or to ITO (TDS).
URGENT.
1) That they are right in deducting TDS @ 30% on the Sale Consideration or should deduct on Capital Gain.
2) That the seller Mr. A will be suffering long term Capital Loss in the both the deals.
3) The procedure for obtaining No TDS deduction certificate from Income Tax department whether to apply in Form 13 or in Form 15D.
4) Where to apply for Non TDS Deduction Certificate – whether to Assessing Officer having jurisdiction or to ITO (TDS).
URGENT.
08 December 2011
Form-15 D by NRI in case of any receipt other than interest and dividend.Form 15CA and 15CB by the payers for non deduction of tax on foreign remittances.
Guest
Guest
(Expert)
09 December 2011
TDS as per Section 115G of Chapter XII of the Income Tax Act is applicable.
09 December 2011
Where to file Form 15-D -with assessing officer having jurisdiction or with ITO (TDS)
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