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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- GST not cancelled by tenant
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Invertaded duty struture
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
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
