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Taxation in case of nri

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Manan Jain

Proprietor

57 Points Posted on 12 March 2014

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??

Replies (8)

sagar kotak

article

58 Points Posted on 12 March 2014

I think no TDS shall be daducted as the capital gain is nill

PRABIR SINGH

PROPERIETOR

23 Points Posted on 12 March 2014

Deduct 1 per cent tds if sale consideration is more than 50 lacks

Narendra Singh

Student

24 Points Posted on 12 March 2014

Since there is no capital gain and therefore no libility of TDS under section 195 of the act

HARIS

Accountant Cum Audit Assistant

23 Points Posted on 13 March 2014

Deduct 1% tds if sale consideration is more than 50 lacks

p k agrawal

FCS ACA

30 Points Posted on 13 March 2014

TDS is not linked with the profit or gain. It has to be deducted based on the consideration.Hence deduct tax, if outside the ceiling

SAI SASANKA

51 Points Posted on 13 March 2014

As per my opinion tds should be deducted.

PRAVEEN

32 Points Posted on 14 March 2014

As per my opinion, Section 195 is applicable for TDS for property purchased from NRI

jennadavis

Accountant

22 Points Posted on 14 March 2014

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