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TAX TREATEMENT ON FORIEGN REMITTANCE

This query is : Resolved 
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(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


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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
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.
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