Income Tax

Hello Sir/Madam

A case is there plz help me.  We have a client who is living in U.S.A. 4 year ago he booked a Flat with J.B Builder. He paid Booking Amt. Of Rs. 900000 INR.In F.y 2009-10 Booking was canceled by Builder. Builder paid him Rs. 900000 along with Intrest amount of Rs. 300000 on which he already deducted TDS @ 10%.My client already file d I.T.R, after that he deposite his money 120000 in NRO A/c, He wanna Trfr his above said amt. to USA in his us based  A/c For this he need Form 15CB issued by C.A. in Form 15Cb there is a point of rate of TDS According to I.T Act & DTAA. my Question is what will be the TDS rate.is there any change in tax due to DTAA??/ Is he need Deposit Firther Tax?
Please Clearify. Waiting For Answer.
Thanks in Advance..

Replies (1)

tds rate will be as per income tax act or as per DTAA whichever is more beneficial to ur client.......if tds deducted by the builder .i.e(10%) is more than the relevant DTAA provisions......the client can claim the diff as refund after filing his itr

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details