Remittance to nri for purchase of property
This query is : Resolved
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.
What will be the line of action.
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.
What will be the line of action.
CA.Amit Revankar
(Expert)
02 May 2012
Ask NRi to obtain nil withholding certificate from tax office. Based on that certificate u can make payment without tds
13 May 2012
Thanks, Amit
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
