NRI Client is selling house property in india, out of which he incurred long term capital loss asset is long term asset, here TDS as per 195 is applicable, even though LONG TERM CAPITAL LOSS, please clarify , urgent
srinu (accountant) (87 Points)
20 November 2018NRI Client is selling house property in india, out of which he incurred long term capital loss asset is long term asset, here TDS as per 195 is applicable, even though LONG TERM CAPITAL LOSS, please clarify , urgent
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160998 Points)
Replied 20 November 2018
Yes, Correct; unless lower/nil TDS deduction certificate u/s. 197 of the act, is obtained by either of the party from IT authority
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 20 November 2018
CAclubindia
