Daily Archives: July 20, 2015

Tax on Sale of Property by NRI in India

Long-term capital gain from sale of house property by NRI isn’t tax free and is liable to TDS under Sec. 195 IT/ILT : Resident-firm which buys house property from NRI cannot escape consequences of non-deduction of TDS u/s 195 from payments to NRI-vendor by claiming that long-term capital gains from sale of house property by… Read More »