Sec 194 ia
This query is : Resolved
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
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
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
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