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S. 195 TDS deductible on property purchase payment to GPA of NRI
Case Law Details
- Case Name
- Shri Bhagwandas Nagla Vs ITO (International Taxation) (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Hyderabad
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Shri Bhagwandas Nagla Vs ITO (International Taxation) (ITAT Hyderabad)
Conclusion: TDS under section 195 was to be deducted in case payment for purchase of immovable property made to GPA (general power of attorney) holder of non-residents because, at best, GPA holder could be considered as only a conduit between assessee and the owners of property and therefore, in true sense, assessee had made payment to non-residents only.
Held: Assessee, being a resident, had purchased an immovable property from the NRIs and the sale deed had been executed by the GPA holder of the non-residents. Assessee’...
