TDS on sale of property under migrated E-filling portal

CA CMA Sagar Jaiswal , Last updated: 05 April 2023  
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As per section 194 IA of Income tax Act, 1961, TDS is applicable on sale of immovable property, if the consideration of property exceeds or equal to Rs. 50,00,000/- (Rs. Fifty lakhs). The rate of tax under the above section is 1% which is to be deducted and need to be deposited by buyer. Steps to

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CA CMA Sagar Jaiswal
(Finance professional)
Category Income Tax   Report

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