How to calculate tds on capital gain for nri

Tax queries 559 views 1 replies

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.

 

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

 

Replies (1)

SP-Cost= Capital gain; *20% tax due. Pay this amount as advance tax.

Then go ahead with 15cb/ca & refer that eligible taxes are deducted.


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