02 May 2012
Hi Suppose X is a person of Indian Origin and his status is NRI. B is purchasing property of x in INdia. AS per section 195, TDS is need to be deducted while making payment to NRI. In above case whether TDS is to be deducted on Amount paid or Capital Gain. Also X is propsing to invest money as per section 54 and 54EC. He is insisting not to deduct TDS on above amount.
CAclubindia
