15 May 2022
I would like to clarify some doubt regarding Taxation of LTCG for a NRI
i.e. Mr. Elan had bought the property in India in 2010 out of his Foreign Income and now he wants to sold the same and the proceeds of the land and building will be transferred through Bank to his NRO A/c. 1.Whether this amount is subject to TDS or not ? 2.In case is it subject to TDS who will deduct the TDS whether the buyer of the Property or Banker ?
CAclubindia
