Sec 194 ia

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mohit goyal (Querist)
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27 September 2013 hello,

my qurey is that if i take loan from bank for pur. of property & my bank do payment to the seller directly in installment on my behalf so my query is that how should i deducted tds u/s 194 IA of the seller . what i do in that case . what is the real treatment of this .

if i enter in to agreement with seller on or before 1.6.2013 should it applicable on me.
please tell me about the appilcability of that

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 September 2013 only after 1.6.2013 sec 194-IA is applicable for such transaction and u need to ask bank to deduct as bank is paying on ur behalf or else u ask bank to transfer loan installments to your savings account and then u can deduct it and issue form 16B and fill up challn 26QB