02 June 2017
One of my NRI client has sold property in India. He incurred Capital Loss. In this case also, TDS has been deducted. As there is Capital Loss, TDS shouldn't be deducted. So to whom and How should we apply for not deducting TDS or deducting it for only 1%??
02 June 2017
No TDS need to be deducted in case of capital loss, not even 1%. Contact Principal Chief Commissioner of Income Tax (International Taxation), New Delhi.