Dear Professional Colleagues,
I have on query,
One of my client has purchased one property from NRI. the property is situated in India and after indexation there is no Capital Gain arising to the owner (who is NRI). but now my client wants to make payment for the same.
Is TDS is to be deducted if yes at what rate??
I think no TDS shall be daducted as the capital gain is nill
As per my opinion, Section 195 is applicable for TDS for property purchased from NRI
There have been a lot of issues surrounding the income tax that people have been paying. It seems that the taxes that were being paid by the people have exceeded its limits. As of last year, there weren't going to be any refund anticipation loans or tax refund loans ever again, because of an extirpated IRS law. However, occasionally things do come back, as a new form of the loans is being offered by numerous tax prep services. Source of article: 1-877 payday. It is not easy paying for your monthly debts if you are not financially stable. You should try availing a payday loan right now so that you will be able to pay those bills on time.
CAclubindia
