Whenever a NRI sells property in India the buiyer should deduct TDS u/s 195. In this case the NRI seller is having construction business and he is selling a shop (Business Income, not capital gain)
Should the TDs be deducted u/s 195 @ 31.2% by buyer? Will the buyer need to take TAN?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 04 January 2019
What is the residential status of seller (individual/firm) ?
If its NRI Section 194-IA not applicable........ & hence TDS has to be deducted as per sec. 195
AUDITOR VINOTHKUMAR
(a)
(870 Points)
Replied 05 January 2019
Sir pls reply this querry
https://www.caclubindia.com/forum/service-provider-to-local-authority-taxable-or-not--497692.asp?offset=1
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 06 January 2019
ACA Sarita Laddha
(Practicing CA)
(1225 Points)
Replied 12 January 2019
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