varsha (Article) (98 Points)
19 May 2011
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?
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 19 May 2011
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..
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 20 September 2011
TDS is liable to be deducted on capital gains u/s 195.
Anuj
+91-9810106211
femaquery @ gmail.com
suresh
(proprietor)
(425 Points)
Replied 05 March 2012
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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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