Sunday, 18 January 2015

No TDS liability of buyer when capital gain arose to NR wasn't taxable due to sec. 54 relief

IT/ILT : Where on date of purchase of house property from non-resident vendor, assessee was aware of fact that capital gain was not taxable in vendor's hands due to availability of deduction under section 54, he was not required to deduct tax at source while making payment of sales consideration


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