On the purchase of immovable property in
1. Under which section TDS is to be deducted?
2. Whether TDS is to be deducted on Sale Consideration or on Capital Gains?
3. At which rate TDS will be deducted?
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TDS in case of NRI
Replies (5)
Ans 1. Sec 195 deals with Tax to be deducted for NRI's.
2.No tds on Capital Gain. For capital Gain normal Provision which are appplicable will apply.
3.Refer Sec 195.
| Originally posted by : TusharSSampatM.Com CA,CS-FINAL | ||
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Ans 1. Sec 195 deals with Tax to be deducted for NRI's. 2.No tds on Capital Gain. For capital Gain normal Provision which are appplicable will apply. 3.Refer Sec 195. |
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agreed..
TDS is liable to be deducted on capital gains u/s 195.
Anuj
+91-9810106211
femaquery @ gmail.com
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PAYMENTS MADE TO NRI BY AN INDIAN RESIDENT INDIVIDUAL FOR PURCHASE OF RESIDENTIAL PROPERTY IN INDIA ATTRACTS ANY PROVISIONS OF TDS? IF SO ON WHICH AMOUNT AND AT WHAT RATE?
Originally posted by : varsha |
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On the purchase of immovable property in India from NRI: 1. Under which section TDS is to be deducted? 2. Whether TDS is to be deducted on Sale Consideration or on Capital Gains? 3. At which rate TDS will be deducted? |
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Tds u/s 195.
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