Tds on payment to nri
This query is : Resolved
tabrez khan
(Querist)
22 December 2012
when purchasing property from NRI ,TDS to be deducted at 20% as it is a LTCG
My doubt is whether it has to be deducted on Gross Payment
or
LT Capital Gain to be calculated and deducted on that
Thanks
My doubt is whether it has to be deducted on Gross Payment
or
LT Capital Gain to be calculated and deducted on that
Thanks
CA. Anuj Gupta
(Expert)
25 December 2012
TDS needs to be deducted on the the amount of capital gain.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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tabrez khan
(Querist)
27 December 2012
Thanks for the reply sir but hoe does the buyer determine the capital gain
There is one more provision in section 195 that when the payment to nri contains a Composite Payment ie it has a portion of it taxable the the amount on which Tds has to be done needs to be determined.
What is your view on this sir??
There is one more provision in section 195 that when the payment to nri contains a Composite Payment ie it has a portion of it taxable the the amount on which Tds has to be done needs to be determined.
What is your view on this sir??
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