Sec 194-ia & 195
This query is : Resolved
Chitrank Gupta
(Querist)
25 June 2013
Is payment made to Non resident by a resident on purchase of property after tax deducted at source u/s 194IA? OR
Whether Sec 195 applicable on this transaction? If sec 195 is applicable, please tell me the rate of tax on this transaction.
Whether Sec 195 applicable on this transaction? If sec 195 is applicable, please tell me the rate of tax on this transaction.
CA Kapil Verma
(Expert)
25 June 2013
As section 194IA is applicable only on paymen to resident, Sec 194IA will not applicable.
Chitrank Gupta
(Querist)
25 June 2013
Hello Kapil ji,
u hv any idea of implication of sec 195 for this transaction?
u hv any idea of implication of sec 195 for this transaction?
CA. Anuj Gupta
(Expert)
30 June 2013
Yes, Section 195 shall come into picture.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
Chitrank Gupta
(Querist)
01 July 2013
Thanks Mr. Anuj Gupta.
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