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

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This discussion clarifies the applicability of Section 194IA regarding Tax Deducted at Source (TDS) when purchasing industrial plots from government undertakings such as GIDC. The consensus is that TDS is generally not applicable in such cases, citing legal precedents and official circulars that support this interpretation.

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online

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online (Querist)
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 ??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 November 2022 No TDS applicable on such government undertaking.
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Bhaskaran Chackrapani Warrier

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

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Bhaskaran Chackrapani Warrier (Expert)
24 November 2022 Section 196 and Circular 18/2017 dated 29/05/2017 also supports my earlier observation.
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