Capital Gains & TDS there on
This query is : Resolved
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
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
22 November 2019
1 TDS applicable to the account of A.
2 yes A need to declare capital gains.
2 yes A need to declare capital gains.
22 November 2019
Dear Sir, Thanks a lot for the information
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- TDS ON CASH WITHDRAWALS...
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
