How the TDS deducted and money is transferred to the bank account?
For any TDS to be deducted and money to be remitted to bank account, there are three things which have to be verified. 1. Amount of gain = Selling price – Purchase price 2. Duration of holding i.e. long term or short term = Selling date – Purchase date 3. Source of fund for purchase i.e. NRE or NRO Important: TDS is deducted only at the time of crediting sales proceeds.
For any TDS to be deducted and money to be remitted to bank account, there are three things which have to be verified. • Amount of gain = Selling price – Purchase price • Duration of holding i.e. long term or short term = Selling date – Purchase date • Source of fund for purchase i.e. NRE or NRO Important: TDS is deducted only at the time of crediting sales proceeds.
For any TDS to be deducted and money to be remitted to bank account, there are three things which have to be verified. 1. Amount of gain = Selling price – Purchase price 2. Duration of holding i.e. long term or short term = Selling date – Purchase date 3. Source of fund for purchase i.e. NRE or NRO Important : TDS is deducted only at the time of crediting sales proceeds.
