Tds@1%
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2016
if person has Power of Attorney regarding purchase of property,then he is liable to deduct TDS@1%
16 February 2016
POA holder, as an agent liable to deduct TDS and pay to government, while making the payment to seller of the immovable property.
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2016
sir,please provide any supporting ,section regarding this
16 February 2016
Please refer the provisions of Indian Contract Act, 1872 regarding the duties of an agent.
Study the POA by referring the duties of the agent as per POA i.e. section 211 of ICA, 1872;
Study the law of agency i.e. Indian Contract Act, 1872 from section 211 to 218.
Study the POA by referring the duties of the agent as per POA i.e. section 211 of ICA, 1872;
Study the law of agency i.e. Indian Contract Act, 1872 from section 211 to 218.
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