26 August 2011
My clint has purchased a land(Commercial) from an Nri. Nri has gained 20 crores. does any liability get attracted of my clint to deduct Tds brfore making payments to Nri.Pls reply soon
30 August 2011
I beleive that it is the LTCG then rate of deduction is 20.6 percent Tax is to be deducted under section 195 U can file application under section 195(2) before Ao for rate and ampunt on which tax is to be deducted because entire sum recd by NRI is not LTCG
CAclubindia
