Tds on purchase of property from nre

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2014 SIR, PLEASE ADVISE IF INDIVIDUAL BUYING PROPERTY FROM NON RESIDENT INDIVIDUALS HAVING COST EXCEED 50 LAKHS UNDER WHICH SECTION TDS TO BE DEDUCTED ? WHTHER U/S 194 LA @ 1 % OR UNDER 195 @ 20 %

CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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22 July 2014 SECTION 194 IA IS APPLICABLE TO PAYMENTS TO RESIDENTS ONLY (SEC 194 IA)
IN UR CASE TDS WILL BE DEDUCTED U/S 195

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2014 SIR, PAYMENT TO NON RESIDENT INDIAN (INDIVIDUAL) IN INDIAN RUPEES IN HIS SAVING ACCOUNT - IS THAT MAKE ANY DIFFERENCE FOR APPLICATION OF SEC 195 ?

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CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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23 July 2014 sir, deduction u/s 195 depends on status of the assessee and not on the mode of payment. however recipient (NRI ) CAN APPLY for lower deduction of tax by applying to A.O u/s 195.

CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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23 July 2014 sir, deduction u/s 195 depends on status of the assessee and not on the mode of payment. however recipient (NRI ) CAN APPLY for lower deduction of tax by applying to A.O u/s 195.