Question ID :
44534
Form no 13 for lower deduction of TDS
An NRI has sold a flat for Rs 75 Lacs Short term capital gain is around 5.25 Lac Tax Liability is around 13000-
He has filed Form no 13 on 20-8-23 online and acknowledged by CPC (TDS) on 20-8-23
Registration of Title deed is due within a week
Sale agreement is dated 8-8-23 and TAN of deductor was applied on 10-8-23 which was issued a couple of days back
In such a case what will be the duty of Deductor reg TDS as certificate is not expected soon
Posted by
Mahesh Kumar
on
Aug 20, 2023
Filed Under
DIRECT TAXES
Answer ID :
85130
Deduct tax under section 195 , file form 27Q and issue form 16A to the deductee since transfer has to be done soon.
Posted by
B.CHACKRAPANI WARRIER on
Aug 22, 2023