TDS _Long term Capital Gain ref.sec 214 Table 2

Save Share

This query is : Resolved

S KUMAR (Querist)
Follow

24 July 2026 An Indian citizen purchased a (Immovable Property) Long term asset Land and Building for Rs2,0000000 from NRI Resident of USA, The buyer deducted Tax at Source at 12.5%+Surcharge+ E.Cess applicable, While Filing TDS return, which act I should select
1.Income Tax Act or DTAA
2.Nature of remittance is
Long term capital gain referred to in sec 214 Table in sl 2 or
Long Term Capital gain referred to in sec 214 Table 1
Pl guide

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
Follow

24 July 2026 Act to Select: Select Income Tax Act (unless DTAA benefits are explicitly claimed via Form 15CB with a valid US Tax Residency Certificate).

Nature of Remittance: Select the category corresponding to Long-Term Capital Gain on Immovable Property as specified under the capital gains schedule.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now