Tds on capital gain
This query is : Resolved
29 July 2011
land sold by nri to residend individual.land situated in india.Now capital gain arised from such transaction.
wheather c.g is liable to tds under 195?
if, yes than at which rate.
need expert advice....URGENT
wheather c.g is liable to tds under 195?
if, yes than at which rate.
need expert advice....URGENT
CA. Anuj Gupta
(Expert)
30 July 2011
Sec. 195 comes into picture only when payment is being made to non-resident.
Here the situation is reverse and payment is being received from non-resident and there is no payment being made to non resident.
Anuj
+91-9810106211
femaquery@gmail.com
Here the situation is reverse and payment is being received from non-resident and there is no payment being made to non resident.
Anuj
+91-9810106211
femaquery@gmail.com
01 August 2011
thanx for reply,
sir,
NRI sold land to Resident.Resident has to make payment(sale considerration) to non residend. and hence i asked wheather TDS is deducted on such payment made u/s 195 or on Capital gain?
sir,
NRI sold land to Resident.Resident has to make payment(sale considerration) to non residend. and hence i asked wheather TDS is deducted on such payment made u/s 195 or on Capital gain?
CA. Anuj Gupta
(Expert)
01 August 2011
yes TDS is deductible u/s 195, as this is income accruing or arising in India.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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