TDS on capital gains for RNOR
This query is : Resolved
Quick Summary
14 May 2022
Hello :)
I am an RNOR for PY 2021-2022 and I have sold a property in this year 2022-2023. So the TDS on capital gains should be deducted at 1% or 20%? and How is my residential status determined for this year?
I am an RNOR for PY 2021-2022 and I have sold a property in this year 2022-2023. So the TDS on capital gains should be deducted at 1% or 20%? and How is my residential status determined for this year?
CA R SEETHARAMAN
(Expert)
14 May 2022
You are resident of India so 1% TDS applicable.
RONR is for foreign income not taxable in India.
RONR is for foreign income not taxable in India.
Pooja Yagnik
(Expert)
15 May 2022
TDS is deducted considering your capital gains then 20% is proper, to avoid further tax liability on capital Capital gain.
CA R SEETHARAMAN
(Expert)
15 May 2022
You are resident only 1% TDS applicable.
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