Tds applicability and rate of tds

This query is : Resolved 

20 July 2013 Suppose land has been purchased from an enchoarchment and paid Rs 3000000. In this case Whether TDS is applicable and if yes then at what rate.

20 July 2013 no tds applicable below RS. 50 lacs

20 July 2013 As per sec 194LA tds is attracted only if considerration is above 50lacs, so in your case it is not attracted.




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