22 December 2012
when purchasing property from NRI ,TDS to be deducted at 20% as it is a LTCG My doubt is whether it has to be deducted on Gross Payment or LT Capital Gain to be calculated and deducted on that
27 December 2012
Thanks for the reply sir but hoe does the buyer determine the capital gain There is one more provision in section 195 that when the payment to nri contains a Composite Payment ie it has a portion of it taxable the the amount on which Tds has to be done needs to be determined. What is your view on this sir??
CAclubindia
