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2017 (9) TMI 430 - AT - Income TaxTDS u/s 195 - Interest u/s 201(1A) - Purchase of property from non-resident - On behalf of NRI, the Payment made to GPA Holder (for purpose of facilitating transactions in India) and Dewan Housing Limited(Housing loan taken by seller) - Amount not paid directly to NRI - Held That:- Payments made to both the parties constitutes the payments made to the non-resident and the TDS is deductible as per the provisions of section 195. - Decided against assessee. Long Term Capital Loss - NIL Demand - deductee filed the return claming that the long term capital gains resulted into capital loss which resulted into nil demand. - Held That:- When there is no tax payable by the deductee on sale of land, there is no question of charging interest u/s 201(1A) of the Act, as per instruction No.2 of 2014 dated 26.2.2014 and the circulars are binding on the Departmental officers. - Decided against assessee.
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