Tds on sale of property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2016
As I am a tax payer in India, and receiving the sale proceeds in India in NRO account (and not NRE account), I think TDS shd be only 1%. Pl confirm.
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2016
and onw more thing Saudi Arab Resdient
04 February 2016
In case of resident transferor of immovable property, TDS provisions of section 194-IA will be applicable and the rate of TDS as per that provision is 1%.
Since, you are a non-resident, the provisions of section 195 will be applicable. Entire Capital Gains Tax shall be computed as per section 45 of the Income Tax and same shall be deducted and deposited with the government by the transferee.
Since, you are a non-resident, the provisions of section 195 will be applicable. Entire Capital Gains Tax shall be computed as per section 45 of the Income Tax and same shall be deducted and deposited with the government by the transferee.
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