Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2019 A POWER OF ATTORNEY HOLDER WHO SOLD THE PROPERTY OF NON-RESIDENT. THE RESIDENT POWER OF ATTORNEY HOLDER WANTS TO TRANSFER SUCH MONEY TO THE NON-RESIDENT. wHAT PROCEDURE TO BE FOLLOWED UNDER INCOME TAX ACT AND FEMA ACT. MONEY TO BE TRANSFERED Rs.550000

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 January 2019 Full capital gains tax has to be deducted under section 195.
15CA and 15CB to be filed and copy given to bank. Bank will allow remittance.

Querist : Anonymous

Querist : Anonymous (Querist)

06 January 2019 IT IS AGRICULTURAL PROPERTY

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 January 2019 No TDS no capital gains tax. 15CA and 15CB to be filed.