Tds
This query is : Resolved
16 August 2014
if assessee is covered us 44ad then whether he is required to deduct tds on purchase of immovable property as payment exceeds rs50,00,000??
Nikhil Kaushik
(Expert)
16 August 2014
yes. liability to deduct tds on purchase of property has no relation to your turnover or your trade.
Rupesh Jain
(Expert)
16 August 2014
yes TDs u/s 194IA will be deducted , this section have no relation of turnover or audit of book of accounts.
25 August 2014
the ans is yes..................................
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