TAX TREATEMENT ON FORIEGN REMITTANCE
This query is : Resolved
CA Navin Jain
(Querist)
29 December 2010
MR A WHO IS RESIDENT OF USA HAD PURCHASE THE RESIDENTIAL PROPERTY IN INDIA, IN 2009 OF RS. 80 LACS.
HE HAS SOLD THE PROPERTY IN 2010 OF RS. 1 CRORE TO MR A WHO IS RESIDENT OF INDIA.
THERE IS A STCG OF RS. 20LACS.
MR A WILL MADE FOREIGN REMITTANCE TO MR B.
NOW I WANTS TO KNOW WHAT IS THE TAX PROCEDURE IN THE HAND OF MR A AND MR B.
WOULD MR A REQUIRED TO DEDUCT TDS ON FOREIGN REMITTANCE
HE HAS SOLD THE PROPERTY IN 2010 OF RS. 1 CRORE TO MR A WHO IS RESIDENT OF INDIA.
THERE IS A STCG OF RS. 20LACS.
MR A WILL MADE FOREIGN REMITTANCE TO MR B.
NOW I WANTS TO KNOW WHAT IS THE TAX PROCEDURE IN THE HAND OF MR A AND MR B.
WOULD MR A REQUIRED TO DEDUCT TDS ON FOREIGN REMITTANCE
02 January 2011
Mr A purchased in 2009 and sold to MR A in the year 2010.
Both are A , please clear who is B.
Both are A , please clear who is B.
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