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Section 194ia

This query is : Resolved 

24 February 2015 Dear Sir,

My company purchase a land and consideration exceed 1cr.as per sec 194IA my company need to deduct tax 1%.but seller do all the formalities and they filed return 26QB.TDS amount come under our 26AS. whether my company can claim this?

24 February 2015 No. Benefit goes to the seller.

24 February 2015 no you have to deduct the tds then you take benefit.


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