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NRI - Income earned from india , for example sale of land , taxable ?


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

22-Jan-21 00:08

14

Answers (13)

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

Venkateshwara Prabhu

CA Inter

16K+

22-Jan-21 00:22

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


Venkateshwara Prabhu

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?


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

22-Jan-21 00:30

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

I'm a student bro...


Venkateshwara Prabhu

Venkateshwara Prabhu

CA Inter

16K+

22-Jan-21 00:30

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


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

22-Jan-21 00:31

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

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


sudha reddy

sudha reddy

Moderator

22-Jan-21 17:34

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

Yes as it is income earned/ received in India


sudha reddy

sudha reddy

Moderator

22-Jan-21 17:35

Yes


kattamuri manisha

kattamuri manisha

CA Inter

2K+

22-Jan-21 20:15

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

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


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

22-Jan-21 21:07

Kindly replay


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

26-Jan-21 19:19

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

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

sudha reddy

Moderator

28-Jan-21 13:31

Clearly understand , thank u very much mam


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

28-Jan-21 13:35