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Capital Gains & TDS there on

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(Querist)
22 November 2019 Dear Sir,
Could you please provide me some education on the below scenario and questions....

> "A" mortgaged his property to "B" (NBFC) and failed to pay.
> "B" (NBFC) auctioned the property and sold to "C"

Questions:
? Does "C" need to deposit TDS U/s. 194IA in the account of "A" or "B" ?
? Will Capital Gain attracts the above transaction, if yes who needs to declare the income/loss?

Thank you
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 November 2019 1 TDS applicable to the account of A.
2 yes A need to declare capital gains.
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ABDUL SALAM

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ABDUL SALAM (Querist)
22 November 2019 Dear Sir, Thanks a lot for the information
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