194IA Flat buy on resale from one and balance payement to buliders
This query is : Resolved
Rupesh Jain
(Querist)
20 September 2023
mr A. buy a flat and paid Total 86 lakhs to Mr. B and Mr. C. and TDS dedcted on Rs. 86 Lakhs @1% got the flat transfer from Builders. Builder give the accptance of Rs. 71 Lakhs receipts of flat price. and demand balance Rs. 57 lakhs of the flat value. Flat value in allotment letter 110 lakhs and registery value is also the 110 lakhs.
Now on Mr. A liable to TDS on Rs. 24 lakhs or 57 lakhs ?
how at the time of registery of flat register can demand the stamp duty on diff Rs. 33 Lakhs or not . how can give the reply to registrar.
Now on Mr. A liable to TDS on Rs. 24 lakhs or 57 lakhs ?
how at the time of registery of flat register can demand the stamp duty on diff Rs. 33 Lakhs or not . how can give the reply to registrar.
CA R SEETHARAMAN
(Expert)
21 September 2023
A is liable for TDS of 24 lacs.
Registrar can demand stamp value on 110 lacs.
Registrar can demand stamp value on 110 lacs.
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