Sir ,
One of the party transfer land on lease to partnership firm , and partnership firm again transfer to third party then in such case tds levy u/s 194 (I-A) ?
Reply
rathod hirenkumar mafatlal (article) (37 Points)
09 September 2014Sir ,
One of the party transfer land on lease to partnership firm , and partnership firm again transfer to third party then in such case tds levy u/s 194 (I-A) ?
Reply
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 09 September 2014
Dear Rathod,
In my opinion TDS will be deducted on payment of lease rent u/s 194I..........
194IA is applicable in case of sale of immovable property.....
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