Tds on immovable propoerty
This query is : Resolved
28 March 2012
Dear Expert
I would like to buy 2 shop in kalyan area, which is situated near to thane.
first
shop cost is ofRs. 25laks.and second cost is Rs. 19.50 lacs.
I heard that purchaser need to deduct TDs while purchase immovable property.
is this applicable on the above cases?
I would like to buy 2 shop in kalyan area, which is situated near to thane.
first
shop cost is ofRs. 25laks.and second cost is Rs. 19.50 lacs.
I heard that purchaser need to deduct TDs while purchase immovable property.
is this applicable on the above cases?
04 April 2012
New Section 194LAA has been introduced by the Budget 2012 which provides for deduction of TDS on payment on transfer of certain immovable property.
Howeevr, this provision will be applicable from 1st October, 2012.
Howeevr, this provision will be applicable from 1st October, 2012.
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