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TDS

1128 views 9 replies

One of my clint has purchased a commercial land from NRI . Nri has gained 20 crores in this transaction. Does any liability to deduct tax attarcted on my clint.

Replies (9)

TDS is not applicable.

it is better to deduct TDS while dealing with NRI

as per iam cinsidered you need to collect tds
 

Agree with valji

YES TDS IS APLICABLE.

Yes deduct TDS for  safer side, i am also agree with Valji statement

 

Regards

R. SIVAKUMAR

CA FINAL

i think tds is for revenue expenditure only, purchase of land is capital expenditure, so tds is not applicable.

there is no tds provisions for capital expenditure.

As per NRI point of you, he should come under tax liability, it may long term capital gain or short term capital gain, whatever it may be, he should come under tax liability, so TDS is applicable.

If anyone is expert in it, plz Correct me if am wrong,


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