Section 194ia

 

(Querist)
08 June 2013

In case entire payment is received before 1st June 2013 and only sale deed registration is pending, will TDS @ 1% required?


CA Kapil Verma (Expert)
08 June 2013

not required, in this case

Ishita (Querist)
10 June 2013

Thanks. Now in this situtation if the sale deed amount is Rs. 52,00,000/-, out of which Rs. 51,00,000/- is received before 1st June, 2013 but Rs. 1,00,000/- is pending and shall be received at the time of sale deed in June 2013, then whether TDS to be deducted and if yes on what amount?

Ishita (Querist)
10 June 2013

Thanks. Now in this situtation if the sale deed amount is Rs. 52,00,000/-, out of which Rs. 51,00,000/- is received before 1st June, 2013 but Rs. 1,00,000/- is pending and shall be received at the time of sale deed in June 2013, then whether TDS to be deducted and if yes on what amount?

CA Kapil Verma (Expert)
10 June 2013

no n this case also sec-194IA not apply.

Ishita (Querist)
10 June 2013

why pls explain with reason...is it that if Rs. 50 lac payment is to be done after 1st June,2013 then only TDS shall be applicable?



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