Land TDS

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sona1 (Querist)
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17 November 2021 XYZ PVT LTD (GST Registered Company) will Purchase a LAND from Amal Das(individual) which Value Come Rs. 50,50,000.00 and Payment will made Installment basic which shown below:
5,00,000.00 (First Installment ), 10,00,000.00(Second Installment) ,25,000,00.00(Third Installment) ,10,50,000.00(Final Installment)

Now our Question is 1) XYZ PVT LTD will deducted TDS against this Installment payment to Amal Das? If Yes then which Section applicable against this and send us Total Procidure.

2) GST RCM will applicable against this transaction?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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17 November 2021 1. Yes, as per sec. 194 IA of income tax act.
2. No RCM under GST act.

sona1

sona1 (Querist)
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17 November 2021 please send us total PROCIDURE for TDS payment & then Return complet

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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17 November 2021 REFER:: https://www.incometaxindia.gov.in/Pages/tds-sale-of-immovable-property.aspx

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