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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

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.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2013 thankyou sir