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Sec 194IA TDS on sale of immovable property
how to calculate the TDS on sale of immovable property by nri in case of short term capital gain.
Replies (9)
Do you mean seller is NRI?
Yes sir
Sec. 194IA applies for the resident Indian seller; not over NRI seller.
Thank you sir, in case of seller is a NRI and there is a sale of short term capital asset how should the tds be calculated?
Under Sec, 195 IT act....
Only the Income Tax Officer can compute capital gain, not the NRI seller.
If you don’t have Lower deduction of TDS certificate, deduct the TDS on the whole amount of the sale proceeds with a higher tax rate.
Thank you sir for your prompt response.
You are welcome.
If father and daughter was purchased properly then tds
Sec. 195; both purchasers to deduct TDS.
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