TDS on Immovable Property

Bimal Jain , Last updated: 04 June 2013  
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The Finance Bill 2013 had proposed to introduce Section 194IA to the Income Tax Act, 1961 (the ITA) which provided that the purchaser of an immovable property worth over Rs. 50 lakhs (other than agricultural land) is required to deduct tax at source at the rate of 1% from the consideration payabl

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Bimal Jain
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Category Income Tax   Report

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