26 March 2012
Sir, can I know how the capital gains shall be levied on immovable property sold by NRI to Resident Indian and rates of TDS thereon, also is TDS applicable if bank makes payment to NRI by giving loan to RESIDENT INDIVIDUAL????? PLZ REVERT.....
26 March 2012
Capital gains tax shall be payable on the sale of property by the NRI to a resident indian.. and the purchaser shall be required to deduct TDS u/s 195 / DTAA whichever is beneficial as per the laws.. while making the payment..
CAclubindia
