How to calculate amount of tds for nri

Hi, Assessee is purchasing a flat from NRI i.e. Resident of Dubai, UAE.

Sale consideration for the flat is Rs. 3,60,00,000/-, which were purchased on 12 March, 2008 for Rs. 2,32,28,060/-. how to calculate tha amount of TDS to be deducted by the assessee after considerating capital gain on the above. & what is the procedure for issuing Form 15CA & Form 15CB.

 

I'm looking for calculation part. I have already read Section 195.

Please I'm looking for calculation part. I have already read Section 195.

Read more at: /forum/how-to-calculate-tds-on-capital-gain-for-nri-229043.asp#.ULXPm2dnxGA
Please I'm looking for calculation part. I have already read Section 195.

Read more at: /forum/how-to-calculate-tds-on-capital-gain-for-nri-229043.asp#.ULXPm2dnxGA
Please I'm looking for calculation part. I have already read Section 195.

Read more at: /forum/how-to-calculate-tds-on-capital-gain-for-nri-229043.asp#.ULXPm2dnxGA
Replies (3)

PLEASE REFER SECTION 195 OF INCOME TAX ACT.

Hi,

Plz refer this site it is ver useful for issuing Form 15CA & Form 15CB.
 https://www.charteredclub.com/form-15ca/

payment to nri is laible to section 195.

 

and you have to deducted the 20% amount of payment and 2% edu ces and 1% higher edu. cess.

 

for furuther information plese refer section 195.

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