Tds
This query is : Resolved
29 July 2013
Is TDS is applicable if income is received from House Property
29 July 2013
Income from House Property does not attract TDS but a new provision section 194IA has been inserted which required Tax Deduction at Source (TDS) to be deducted at 1% of the price being paid by the purchaser (on behalf of the seller) of an immovable property, irrespective of the quantum of capital gains of the seller. This is applicable only if the sale price of the property is equal to or more than Rs. 50 Lacs.
Section 194-IA is applicable from 1st June, 2013.
Section 194-IA is applicable from 1st June, 2013.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital Gain on Sale of Private company's shares
- Cash deposited to salary account from gold loan account
- Sale of goods from my GST proprietorship firm to my GST HUF proprietorship firm with karta me
- Assessment Procedure Us 147
- Itc on computer
- REGARDING STATUTORY AUDIT of a private company
- LTCG on property sale with more than 1 property
- Capital goods Cross charges
- ENTRY OF CIVIL MATERIAL AT TIME OF RENOVATE THE FACTORY BUILDING
- How to file ITR for AY 2024-25
- BOE Not reflacting on IDPMS portal
- NRI GET FOR SALE OF RURAL AG. LAND
- 80 G Deduction in scrutiny
- REFUND ATTACHMENT FOR APPEAL AGAINST SECTION 74
- Who is obliged to pay
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
CAclubindia
