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Income tax section 194 ia

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 June 2013 A Real Estate Company Purchased adjoining immovable land From two persons for consideration of Rs 40 Lac each having one Purchase Registry. Whether Real Estate Purchasing Company is liable to deduct TDS @ 1% u/s 194 ia.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 June 2013 Sec.194IA apply all the assessees and category, so your case 194IA apply

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