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SECTION 195

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02 October 2020 A NRI who sold Building and an adjacent vacant site in two documents and Building sold to husband and vacant site sold to wife. Long term capital loss arises Rs.125360 in building sale and Long term capital gain arises on vacant site sale 113850. Sale consideration of vacant site Rs.230000 & vacant site 4800000. as per section 50C vacant site value fetches 5001000. is s 195 attracts. and what amount whether on LTCG or Sale consideration . Net long term capital loss arises during the year 11510.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 October 2020 Deduct section 195 TDS 20% plus SC and cess on entire sale consideration.
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