Tds 194la
This query is : Open
Ashish Tiwari
(Querist)
06 September 2016
Sir,
My Client Purchases A residential house in lucknow amount of Purchase above 1.5 Crore . But He was paid full payment of Price of house and he did not deduct 1% TDS of Payment. and TDS did not Deposit by Purchaser. it have six months passes of above transaction .
My question is that now what can i do ?
Sir, Please solve urgent basis this query. I am Waiting for response...
My Client Purchases A residential house in lucknow amount of Purchase above 1.5 Crore . But He was paid full payment of Price of house and he did not deduct 1% TDS of Payment. and TDS did not Deposit by Purchaser. it have six months passes of above transaction .
My question is that now what can i do ?
Sir, Please solve urgent basis this query. I am Waiting for response...
ACA Anurag
(Expert)
07 September 2016
Dear Ashish,
you need to deduct tds @1% but since you had not deducted then it's a breach of section 194IA.
either talk to the seller for payment of TDS or else u have to deposit it from your own pocket.
currently only interest will be levied but if it gets more delay penalty will also be levied.
So make the Tds payment as soon as possible
Hope your query is resolved
Kindly like if my response has helped you
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
