Residential status and tds

145 views 2 replies

rakesh

student

467 Points Joined July 2012

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)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210641 Points Joined July 2016

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...