Menu
Residential status and tds
if a person comes from abroad to sell his land does his capital gain on such sale is considered for total income more than 15 lacs to determine his residential status and what would be the tds?
Replies (2)
His residential status has to be ascertained first.
In case of NRI, TDS has to be deducted as per sec. 195 of IT act...
Unless he obtains any law tax deduction certificate from ITO, TDS needs to be deducted over total sale consideration, and not just over capital gain...
Sec 6 will be put to test. Then Sec 195.
Recent Topics :
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
Related Topics :
CAclubindia
