Sec 194IA TDS on sale of immovable property
Rose K Jose (12 Points)
21 July 2024
how to calculate the TDS on sale of immovable property by nri in case of short term capital gain.
9 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177818 Points)
Replied 21 July 2024
Do you mean seller is NRI?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177818 Points)
Replied 21 July 2024
Sec. 194IA applies for the resident Indian seller; not over NRI seller.
Rose K Jose
(12 Points)
Replied 21 July 2024
Thank you sir, in case of seller is a NRI and there is a sale of short term capital asset how should the tds be calculated?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177818 Points)
Replied 21 July 2024
Under Sec, 195 IT act....
Only the Income Tax Officer can compute capital gain, not the NRI seller.
If you don’t have Lower deduction of TDS certificate, deduct the TDS on the whole amount of the sale proceeds with a higher tax rate.
Prashant Pande
(11 Points)
Replied 25 July 2024
If father and daughter was purchased properly then tds
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177818 Points)
Replied 25 July 2024
Sec. 195; both purchasers to deduct TDS.
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