Section 194 ia
This query is : Resolved
CA.Sandeep Singh
(Querist)
13 June 2013
My query is whether the new section 194 IA for deduction of TDS @1% on property transaction of more than 50 lac is applicable in case society flats also ? I i.e. where there is not any profit motive and the flat is for the members(whether old or new) of the society only.
CMA Ramesh Krishnan
(Expert)
13 June 2013
Yes. 194IA applies all type of deductees
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