Tds

This query is : Resolved

Sangeeta Bist (Querist)
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16 January 2015 Hello,

We purchased a property from Noida Authority before any amendment of Section 194IA and time to time we are paying installment for it. But no registry at all.
I want to ask in this case TDS will be applicable or not on property purchased before arrival of section 194IA?

Rupesh Jain

Rupesh Jain (Expert)
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16 January 2015 if you are register the property now then authority demand the TDS. then you have to show the document for that.

Sangeeta Bist

Sangeeta Bist (Querist)
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16 January 2015 But no registry at all till now. Then tds will be deducted on installment time to time.

Rupesh Jain

Rupesh Jain (Expert)
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16 January 2015 NO TDS WILL DEDUCT ON THE AMOUNT WHEN YOU MAKE AGREEMENT WITH THE AUTHORITY.
AT THE TIME OF AGREEMENT ITS NOT LEVIABLE
THEN YOU HAVE TO DEDUCT ON PAYMENT TIME IF AMOUNT EXCEEDS RS. 50 LACS.
AND YOU HAVE TO SHOW TO REGISTRING AUTHORIRTY TDS CERTIFICATE ON FULL AMOUNT OF AGREEMENT.

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