Tds
This query is : Resolved
golden kumar
(Querist)
15 January 2014
the provisions of section 194ia 5000000/
1%tds 5100000/ total amount on 1% tds and 100000/ on 1%
1%tds 5100000/ total amount on 1% tds and 100000/ on 1%
Hemant Kumar
(Expert)
15 January 2014
The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor.
So, 1% TDS on Total amount i.e 51,00,000/-
So, 1% TDS on Total amount i.e 51,00,000/-
CA Navin Jain
(Expert)
15 January 2014
yes tds shall be deducted on rs. 5100000
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