TDS
This query is : Resolved
20 January 2020
Assessee had given 10 lakhs loan to the seller 5 years back. Seller later shifted to abraod for employment and is a NRI now. Unable to repay the loan ,seller is now selling his land for 8 lakhs as a settlement of the loan. Will TDS apply and from which date-
21 January 2020
20.80% TDS applicable under section 195.
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