NR taxation
This query is : Resolved
Quick Summary
28 January 2021
If Non resident person Sold property to indian citizen then at the time of payment by indian citizen how to deduct TDS while considering DTAA ?
CA R SEETHARAMAN
(Expert)
28 January 2021
DTAA not applicable here. In case of long term capital gains deduct 20% tax Plus sc and cess applicable on entire sale consideration.
29 January 2021
Why DTAA not applicable? and also if NR provide Tax Residency Certificate (TRC) then in that situation what to do?
CA R SEETHARAMAN
(Expert)
29 January 2021
In india for sale of property full capital gains tax payable TRC will not help in reducing tax.
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