hemant talwar (Chartered Accountant) (30 Points)
28 July 2015What is the TDS rate to be applied by resident buyer on sale of Agricultre land held by NRI through inheritance?
Rajagopalakrishnan R
(PARTNER)
(1417 Points)
Replied 28 July 2015
No TDS is deductible. 195 applies only to payments which are liable to tax in India. Sale of Agricultural property is exempt and therefor not liable to tax. Therefore no TDS u/s 195 is deductible.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
