Residential status and tds
rakesh (student) (457 Points)
05 March 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 05 March 2022
His residential status has to be ascertained first.
In case of NRI, TDS has to be deducted as per sec. 195 of IT act...
Unless he obtains any law tax deduction certificate from ITO, TDS needs to be deducted over total sale consideration, and not just over capital gain...