Indian resident buying immovable property from an NRI. As per section 195, TDS only on amounts chargeable to tax under this Act. In the given case there is no capital gains. Is TDS and TAN compulsory?
Menu
Tds on sale of property by nri
Replies (1)
TDS provisions u/s.194IA will attract only in cases where payments made to Resident. Hence no need to deduct T.D.S, hence no need to obtain TAN
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
