Tds applicability and rate of tds
This query is : Resolved
Kushal Agarwal
(Querist)
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.
Rupesh Jain
(Expert)
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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