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Remittance to nri for purchase of property

This query is : Resolved 
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(Querist)
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.
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CA.Amit Revankar

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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
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CA SIDHARTH HIRALAL PATNI

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CA SIDHARTH HIRALAL PATNI (Querist)
13 May 2012 Thanks, Amit
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