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??

16 August 2014 yes. liability to deduct tds on purchase of property has no relation to your turnover or your trade.

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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