TDS on capital Gain

TDS / TCS 5962 views 16 replies

If we get  amount of Capital Gain after deducting TDS on it ,in what section we should claim it.Actually before now i had never listen about it ...so whether TDS should be Deducted on it , if yes, what is the limit, on which TDS is applicable on Capital Gain.

Replies (16)

There is no such section in Income tax Act for deduction of TDS on Capital gains....

No way u can deduct TDS on capital gain....never

THERE IS NO SUCH SECTION AS SUCH IT ACT

Thanks for replying...but if ...we get such amount after deducting TDS .....then there is one Section 195(Others) ,....whether it will be right to fill  ITR mentioning deduction of TDS under that section...?

THERE IS NO SECTION FOR DEDUCTING TDS ON THE CAPITAL GAINS.

BUT IF YOUR TDS HAVE BEEN DEDUCTED THAN IT IS YOUR RIGHT TO GET REFUND OF THAT TDS BY FILING RETURN.

TDS might have been deducted uder the provision of Sec 196 B :)

Section 196B -

Where any income is payable in respect of long term capital gain arising  from transfer to off shore fund, the person responsible for making the payment shall at the time of credit of such income, should deduct tax at the rate of 10% :)

I agree with aparna

there is no provision regarding your case.. and agree with Aparna

Dear friends,

 

TDS may also be deducted on compensation paid for compulsory acquisition

U/S 194LA

 

Regards

there are no such procedure of TDS on capital gain.

THERE IS NO SECTION IN INCOME TAX ACT REGARDING TDS ON   CAPITAL GAIN

Thanks to all !

TDS on capital gain can't be deducted on resident person.

there is no such section in Income Tax Act


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