Tds
This query is : Resolved
srinivas K.N
(Querist)
02 October 2012
i have paid a commission of 967565 rupees to a real estate agent for the sale of agricultural land and industrial site. please advice whether i have to deduct TDS or not.
please treat this as urgent.
thanks in advance.
srinivas.k.n
please treat this as urgent.
thanks in advance.
srinivas.k.n
SANJAY TALATI
(Expert)
03 October 2012
If you are an Individual and not carrying any business. then you are not required to deduct the TDS u/s 194 H.
However, if your case is covered under sec. 44AB i.e if you are carrying on the business and gross turnover of the business exceeds Rs. 60 lacs in the previous year then you are required to deduct TDS u/s 194H @10%.
However, if your case is covered under sec. 44AB i.e if you are carrying on the business and gross turnover of the business exceeds Rs. 60 lacs in the previous year then you are required to deduct TDS u/s 194H @10%.
srinivas K.N
(Querist)
03 October 2012
thanq for your valuable advise.
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