Differance between tds sec
Querist : Anonymous
To the extend best of my knowledge the dept has broken the sec 194I (TDS on rent) in 2 parts
194IA:- TDS on rent of any plan, machinery & equipment
194IB:- TDS on rent of any land & building incl factory
BUT
There is also TDS on purchase of immovable property (above 50 lakhs) U/S 194IA @ 1%
Now my query is how there can 2 different rates of TDS for different Calgary of payment under same sec ie 194IA?????
Sec.194I is the section deal with both renting of building, plant & equipment everything. Just rate will vary in the same section
Sec.194IA is separate section deals with the TDS on transfer of immovable property
Querist : Anonymous
https://www.incometaxindia.gov.in/Pages/i-am/individuals.aspx
and again they have given different sec for TDS on immovable property.
both are the same section has the only small "a" & "b'
this may be referred as clause
but the sec.194IA is the difference section
Click here to login now
Similar Resolved Queries
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Rental income gst and it purpose
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
