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This query is : Resolved

PAWAN KUMAR BAHL (Querist)
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21 March 2023 My client sold agricultural land for 30 lacs and now want to remit money to canada. The land was sold by property dealer on his behalf by taking Power of Attorney and in parts he sold the land i.e 5 lacs approx in plots etc. and Later on The Amount was paid by the Property dealer from his own account to the Owner in One go i.e. 30 lacs.

Now my question is whether TDS apply on sale of agricultural land in parts as residential plots and Form 15 CA/Cb is required as Bank is insisting for that.
Also plguide that How can it b corelated that the amt is against sale of agricultural land,
Pl guide

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 March 2023 The land is sold as residential plots hence capital gains tax applicable.
Deduct 20% plus cess on the 30 lacs.
15CA and 15CB is required.

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