Land TDS
This query is : Resolved
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?
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?
17 November 2021
1. Yes, as per sec. 194 IA of income tax act.
2. No RCM under GST act.
2. No RCM under GST act.
17 November 2021
please send us total PROCIDURE for TDS payment & then Return complet
17 November 2021
REFER:: https://www.incometaxindia.gov.in/Pages/tds-sale-of-immovable-property.aspx
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