Tds on immovable property
This query is : Resolved
nitinsingh
(Querist)
27 August 2013
IS TDS ON IMMOVABLE PROPERTY IS APPLICABLE TO NRI PERSON AND HE LIABLE TO DEDUCT TDS OF SALLER OR NOT
IS TDS ON IMMOVABLE PROPERTY IS APPLICABLE TO NRI PERSON AND HE LIABLE TO DEDUCT TDS OF SALLER OR NOT
27 August 2013
An NRI purchasing an immovable property has to deduct income tax from the payment to the seller as per the provisions of section 194IA.
Message likes :
1 times
nitinsingh
(Querist)
27 August 2013
why give reason
29 August 2013
Section 194-IA starts with the word "ANY PERSON responsible for paying to a resident transferor......"
There are 2 conditions here:
1. Transferor must be a RESIDENT.
2. Transferee (Buyer) can be any person. Any person includes non-resident also.
Accordingly if a non-resident purchases property from a resident he is required to deduct TDS u/s 194-IA.
There are 2 conditions here:
1. Transferor must be a RESIDENT.
2. Transferee (Buyer) can be any person. Any person includes non-resident also.
Accordingly if a non-resident purchases property from a resident he is required to deduct TDS u/s 194-IA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Nursery business
- Tax on Amount transferred in HUF Account
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
