194ia - imported machinery
This query is : Resolved
02 December 2013
please clarify that whether 194ia - TCS on property above value of Rs.50 lacs, is applicable when machinery value above Rs.50 lacs imported.
thanks
thanks
02 January 2014
194-IA not applicable. it applies only to immovable property and to a resident transferor.
in this machinery is not a immovable property as defined in the section and the transferor is non-resident.
I hope the above suffice.
in this machinery is not a immovable property as defined in the section and the transferor is non-resident.
I hope the above suffice.
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