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.
Rose K Jose (12 Points)
21 July 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167858 Points)
Replied 21 July 2024
Do you mean seller is NRI?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167858 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
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167858 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.
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