IS 1% TDS APPLICABLE ON ANY IMMOVABLE PROPERTY EXCEEDING RS.5000000/- PURCHASED FROM URBAN IMPROVEMNT TRUST(UIT) A GOVT. BODY U/S SEC. 194IA ?? PLEASE CLARIFY
ARUN KABRA (CA Practice ) (4 Points)
24 October 2016IS 1% TDS APPLICABLE ON ANY IMMOVABLE PROPERTY EXCEEDING RS.5000000/- PURCHASED FROM URBAN IMPROVEMNT TRUST(UIT) A GOVT. BODY U/S SEC. 194IA ?? PLEASE CLARIFY
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 25 October 2016
If its Government body, TDS not applicable.