Capital gains taxation on non recident
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2015
my friend is purchasing a land and building for Rs 1Crore from a non resident but registration is done for Rs.40 lakhs, while repatriating the money banker is saying that deduct TDS and file 15CA and 15CB,.
My Question is on behalf of seller
If the sale is registered of 40 L and we paid capital gains on 40 L against that sale how can we pay capital gains on the remaining amount 60L
Question 2. How do I pay 20% capital gains tax on 40 L and 60 L. What is the process.
My Question is on behalf of seller
If the sale is registered of 40 L and we paid capital gains on 40 L against that sale how can we pay capital gains on the remaining amount 60L
Question 2. How do I pay 20% capital gains tax on 40 L and 60 L. What is the process.
13 June 2015
Apply indexation and calculate capital gain on 40 lacs and pay 20% tax on capital gain.
For the 60 lakhs treat is as other income and pay applicable tax on it.
For the 60 lakhs treat is as other income and pay applicable tax on it.
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