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Query in TDS filing (27Q)

TDS 712 views 3 replies

Query in TDS filing:

In Form 27Q (RPU Utility) TDS for NRI

Transcation: sale of immovable property to NRI (LongTerm CG)

In "Deductee details, against challan under "nature of remittances" tab which option to be selected since three are many "LONGTERM..., "options are there. (Full descripttion not available eg: LTCG for immovable property)

Note: TDS Return filing through RPU Utility (manual)

Replies (3)
Quick Summary
Query on selecting correct �Nature of Remittance� in Form 27Q RPU for TDS on sale of immovable property to NRI under LTCG. Since options are not clearly visible, correct selection is typically �Long Term Capital Gains u/s 112� or �Long Term Capital Gains (Others)� depending on case applicability.

✔ Select “LONG TERM CAPITAL GAINS”
✔ Preferably “Long Term Capital Gains – Other than securities” if available
✔ This is the correct and accepted option in RPU utility

Ok, but the problem is: The options in the "nature of remittance" tab (in Form 27Q RPU facility is not showing full descripttion like it showing following 

" INTEREST PA

FEES FOR TE

ROYALTY

DIVIDEND

INVESTMENT 

SHORTTERM

LONGTERM

LONGTERM 

LONGTERM 

LONGTERM 

LONGTERM"

SO, unable to choose the correct option,

Even placing the cursor point at the option place also not showing the full descripttion.

Nature of remittance in tds utility 27Q

 

1 INTEREST PAYMENT

2 FEES FOR TECHNICAL SERVICES/ FEES FOR INCLUDED SERVICES

3 ROYALTY

4 DIVIDEND 

5 INVESTMENT INCOME

6 SHORT TERM CAPITAL GAINS

7 LONG TERM CAPITAL GAIN u/s 115E IN CASE OF NON RESIDENT INDIAN CITIZEN

8 LONG TERM CAPITAL GAIN u/s 112

9 LONG TERM CAPITAL GAIN (OTHERS)

10 LONG TERM CAPITAL GAIN u/s 112(1)(c)(iii)

11 LONG TERM CAPITAL GAIN u/s 112A

12 SHORT TERM CAPITAL GAIN u/s 111A

13 LONG-TERM CAPITAL GAINS ARISING FROM TRANSFER OF UNITS REFERRED TO IN SECTION 115AB

14 LONG-TERM CAPITAL GAINS ARISING FROM TRANSFER OF SUCH BOND OR GLOBAL DEPOSITORY RECEIPTS REFERRED TO IN SECTION 115AC

15 OTHER INCOME / OTHER (NOT IN THE NATURE OF INCOME)


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