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...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
