Section 194ia tds on immovable property

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SHWETA ASHOK DAVE (Querist)

17 October 2013 I am having a question regarding TDS Section 194IA on Immovable property. My question is that if I have purchased property before June2013 but the registration of the property takes place after June2013.Is this section applicable in this case ?? Further I would like to ask that what if before june 2013 I have paid 50% of the Consideration of the immovable property and balance is paid by me after june 2013 also the registration takes place after June2013. In this case, On which Amount shall I deduct TDS @ 1% on whole amount of the Immovable property or only the balance 50%

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Ankit

Ankit (Expert)

17 October 2013 Dear Shweta,

The TDS is applicable if any payment is being made post 1 june 2013, irrespective of when the registration takes place.

you have to deduct TDS on the amount paid after 1 june 2013. So, in your case, deduct TDS only on the 50% paid after 1 June 2013

if you have any further query, please feel free to ask

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