Section 194-ia
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 July 2013
One of my client purchased a house for Rs.94 lacs. He made first payment of 17 Lacs in May 2013 and balance at the time of Registry in July 2013.
Whether he has to deduct TDS @ 1%.
If he has not deducted TDS and made pymt of 94 lacs. Not what is the remedy.?
Whether he has to deduct TDS @ 1%.
If he has not deducted TDS and made pymt of 94 lacs. Not what is the remedy.?
CMA Ramesh Krishnan
(Expert)
11 July 2013
Yes. actual transactions happening after 1st July 2013. so sec.194IA applies
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