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Payment to non resident

This query is : Resolved 
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(Querist)
08 December 2011 Dear Experts,
Please suggest me if i have purchased a immovable property from a non resident and i am required to deduct TDS u/s 195 @ 20.60% on same transaction then on what amount, TDS is to be deducted,i mean to say whether TDS has to be deducted on total purchase consideration or on long term capital gain/short term capital gain as the case may be?
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
10 December 2011 tAX TO B DEDUCTED AT 20.6 IF LTCG IS THERE IF IT IS STCG THEN AT 30.9
U HAVE TO DEDUCT TAX ON SALE CONSIDERATION
ELSE APPLY TO AO UNDER SECTION 195(2) WHO WILL DETERMINE THE AMT ON WHICH TAX IS TO B DEDUCTED

CA MANOJ GUPTA
JODHPUR
09828510543
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