Deduction of tax on purchase of immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2013
Dear Sir,
I have purchased a immovable property and paid the consideration to the co owners of the land but they dont have PAN.
so what i have do now?
Thanks in advance..
I have purchased a immovable property and paid the consideration to the co owners of the land but they dont have PAN.
so what i have do now?
Thanks in advance..
11 June 2013
This is a violation of 194IA if happened on or after 1/06/2013 and the consideration is Rs. 50 lacks or more. Tax should have deducted 20% as per section 206AA in the absence of PAN.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- Computation of Dividend
- TDS on land property purchase Form-141 related query
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- TDS Return processing
- Itr processing delay
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- Multiple GST under same PAN
- 44AD VS 44AB AUDIT
- Query Regarding Refund Adjustment Against Outstanding Demand
- Correction in TDS return New Traces Portal
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
