Budget Books
imarticus

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

APPLICABILITY OF SEC-194IA IN CASE OF PLOT PURCHASE/ON LEASE FROM GOVERNMENT

This query is : Resolved 

23 November 2022 As per above mentioned subject, applicability of section-194ia in case of property purchase from GIDC (Gujarat Industrial Development Corporation).
I have purchase an Industrial Plot from GIDC . Is it attract TDS on purchase ??

23 November 2022 No TDS applicable on such government undertaking.

24 November 2022 194 IA attracts .
Corollary - M.C. Thomas Vs. District Collector (2014) 264 CTR 437 (Ker).


24 November 2022 Section 196 and Circular 18/2017 dated 29/05/2017 also supports my earlier observation.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


IIM Indor
Zoho
caclubindia books


Answer Query