Land sell to a foreign buyer
Amulya (student) (24 Points)
26 August 2016Amulya (student) (24 Points)
26 August 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174880 Points)
Replied 26 August 2016
Receipts should be through banking channel. Treated as advance and hence no tax liability at present. Tax liability shall arise as and when the same is adjusted against commission or payments.
Kapil Chandna
(Lawyer at Supreme Court)
(1511 Points)
Replied 16 September 2016
Sir,
Tax implications may arise ...
Warm Regards
Kapil Chandna Advocate
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