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Govt buys property

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(Querist)
24 May 2014 govt purchases 2 storeyed building for official purpose now my question is whether any tax need to be deduct from the amount to pay to beneficiary
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Rupesh Jain

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Rupesh Jain (Expert)
24 May 2014 if amount RS. 50 lacs then you have to deduct the TDS 1% u/s 194IA

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