Tds on captal gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 June 2015
hello sirs n madams
my query is;if transaction value on immovable property is more than rs.50 lakhs
but exemption of capital gain u/s 54 EC is to be availed, then TDS @ 1% is liable to be deducted?
my query is;if transaction value on immovable property is more than rs.50 lakhs
but exemption of capital gain u/s 54 EC is to be availed, then TDS @ 1% is liable to be deducted?
CA Kapil Verma
(Expert)
10 June 2015
irrespective of exemption , TDS IS TO BE DEDUCTED COMPULSORY.
CA Kapil Verma
Founder- www.taxadvizer.com
CA Kapil Verma
Founder- www.taxadvizer.com
Rupesh Jain
(Expert)
11 June 2015
tds to be deducted u/s 194IA its on sale value not on the profit.
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