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Sec 194-ia & 195

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Chitrank Gupta

Chitrank Gupta (Querist)
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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.

CA Kapil Verma

CA Kapil Verma (Expert)
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25 June 2013 As section 194IA is applicable only on paymen to resident, Sec 194IA will not applicable.

Chitrank Gupta

Chitrank Gupta (Querist)
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25 June 2013 Hello Kapil ji,
u hv any idea of implication of sec 195 for this transaction?

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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30 June 2013 Yes, Section 195 shall come into picture.

Anuj
femaquery@gmail.com

Chitrank Gupta

Chitrank Gupta (Querist)
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01 July 2013 Thanks Mr. Anuj Gupta.

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