Is tds applicable on property purchased in respect of bank auction
This query is : Resolved
Quick Summary
13 October 2022
one of my client going to participate in auction to be held by bank which is more than 50 lakhs value, is it applicable to tds, if tds applicable banker to obey the same
13 October 2022
Yes, applicable unless it is agricultural land or NO TDS deduction certificate issued by ITO.
Message likes :
1 times
14 October 2022
Thank you very much sir,
Message likes :
1 times
14 October 2022
You are welcome..
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
- Purchase of property from NRI
- Query related to CA/CS/CMA Firm
- Value of Perquisite Tax Borne by Employer
- How to pay tds on mhada property
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- Value of Perquisite Sec.10 (10CC)
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- Suggest proper Tax & TDS applicability on Crypto Futures
- Gross Block of assets
- Income from F&O trading
- Automatic MIS from Tally ERP
- Schedule Dpm under 44ada no account casr
- ITR WITH 0 TURNOVER
- Multiple GST under same PAN
- 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)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
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
