Tds on immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2013
can anyone guide me about TDS on Purchase of Immovable Property (Section 194IA)..
CA Kapil Verma
(Expert)
19 June 2013
in simple words:
if any person purchase property for the value exceeding 50 lacs, then he need to deduct TDS @1% and shall be deposit in bank through form 26QB.
if any person purchase property for the value exceeding 50 lacs, then he need to deduct TDS @1% and shall be deposit in bank through form 26QB.
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CA Kapil Verma
(Expert)
19 June 2013
please refer faqs:
https://www.caclubindia.com/experts/tds-u-s-194-ia-in-case-if-joint-owners-1336119.asp
https://www.caclubindia.com/experts/section-194ia-1337354.asp
https://www.caclubindia.com/experts/tds-u-s-194-ia-in-case-if-joint-owners-1336119.asp
https://www.caclubindia.com/experts/section-194ia-1337354.asp
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