Tax deducted at source
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2014
I have deducted TDS @ 1% on transfer of Agriculture Land but as per CBDT circular in 2013 no TDS on the transfer of Agriculture land So please advice me what should i do either to give it back to the transferor or to deposit that with the department pls reply asap
20 June 2014
dear
as per the provision you do not need to deduct tax, but in your case the same is being deducted
now there is two way
pay to govt. or repaid to the seller.
most favorable way is to pay back to seller
as per the provision you do not need to deduct tax, but in your case the same is being deducted
now there is two way
pay to govt. or repaid to the seller.
most favorable way is to pay back to seller
Message likes :
1 times
20 June 2014
if you not deposit then you give back to seller.
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