Tds on immovable property.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 September 2013
The Firm had purchased the Agri. Land and executed the Sale Deed on Aug-13.
Land is type of Agriculture, but the firm paid Premium on Behalf of Farmer to State Govt. to convert in to Non-Agricultural Land.
out of Total Consideration of say Rs.1000/- firm paid 900/- to farmer and 100/- as a premium to state govt.
Question is Section 194IA applicable to Transaction????
Land is type of Agriculture, but the firm paid Premium on Behalf of Farmer to State Govt. to convert in to Non-Agricultural Land.
out of Total Consideration of say Rs.1000/- firm paid 900/- to farmer and 100/- as a premium to state govt.
Question is Section 194IA applicable to Transaction????
06 September 2013
Yes tds will be applicable under sec 194-I.
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