Tds on property sold by nri (urgent)
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2013
What are the tax and tds implications if an NRI comes to india and sells property situated in India to Ordinary Resident of India?
please tell its implications u/s 195B
please tell its implications u/s 195B
26 July 2013
then tds under sec 194-IA will not be applicable even if property exceeds sale value of rs 50 lacs and but capital gain will be attracted.
26 July 2013
Sampath Ji
Transferor is NRI. Section 194IA doesn't apply.
@questioner
Section numbered 195B is not in statute.
P.S:- The transferee has to deduct Income tax @ 30%/ 20% on the capital gains portion of the transferor before making payment to the latter subject to the provisions of Double Taxation Avoidance Agreement,if any, existing between India and the Country in which the said NRI is put up.
Transferor is NRI. Section 194IA doesn't apply.
@questioner
Section numbered 195B is not in statute.
P.S:- The transferee has to deduct Income tax @ 30%/ 20% on the capital gains portion of the transferor before making payment to the latter subject to the provisions of Double Taxation Avoidance Agreement,if any, existing between India and the Country in which the said NRI is put up.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2013
thankyou sir
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