Tax payment
This query is : Resolved
ANGREJ SINGH
(Querist)
06 January 2016
Is tds applicable on sale of commercial land. But my father not a filling income tax return forever.
CA. Divyansh Agarwal
(Expert)
06 January 2016
Every person is liable to deduct tds for purchase of land of value above rs.50 lacs
gbalakrishnan
(Expert)
07 January 2016
yr father own the commercial land is it not? when it is sold either long term or short term capital gains under income tax is applicable sir, no matter if yr father filed earlier any income tax returns at all, might be he was enjoying non taxable limit previously.
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