NRI

sec 195 is TDS in non residents. It mentions the tax rates and deductions on business transactions with a non-resident. Any amount generated through these business transactions by an NRI is chargeable to tax For example- TDS on income from investments made by a NRI, income from long term capital gains for a NRI etc...

Venkateshwara Prabhu

CA Inter

★ 16K+

22-Jan-21 00:22

This was for ur question on sec 195

Venkateshwara Prabhu

CA Inter

★ 16K+

22-Jan-21 00:23

Proceeds from sale of land in India is taxable in the hands of NRI

Venkateshwara Prabhu

CA Inter

★ 16K+

22-Jan-21 00:25

Thank u very much sir ... In the case of land transactions , which section applicable 195 or 194 IA?

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

22-Jan-21 00:30

I'm a student bro...

Venkateshwara Prabhu

CA Inter

★ 16K+

22-Jan-21 00:30

In the case of land transactions , which section applicable 195 or 194 IA?

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

22-Jan-21 00:31

194IA is when transferor is resident. And 195 is when payment is being made to NRI

Sudha Reddy

CA Final

★ 20K+

22-Jan-21 17:34

Yes as it is income earned/ received in India

Sudha Reddy

CA Final

★ 20K+

22-Jan-21 17:35

Yes

kattamuri manisha

CA Inter

★ 10K+

22-Jan-21 20:15

Only one section can applied at a time? Here buyer is a resident & seller is NRI ? Then?

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

22-Jan-21 21:07

Kindly replay

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

26-Jan-21 19:19

If seller is NRI, that means transferor (seller) is not resident, in that case Sec 194IA condition doesnt apply. Since the payment is made to non-resident (seller) S.195 will apply

Sudha Reddy

CA Final

★ 20K+

28-Jan-21 13:31

Clearly understand , thank u very much mam

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

28-Jan-21 13:35