Tds on property
This query is : Resolved
10 March 2014
if a property has been transferred by way of gift from sister is the other sister required to deduct 1 % tds
10 March 2014
No need of tax deduction (1%) for gift of immovable property.
11 March 2014
Reenav
Mr Warrier is right, in this case there is no need to deduct TDS.
1% TDS is to be deducted in case of "sale" only. This is not a case of sale and hence no need to deduct TDS.
Mr Warrier is right, in this case there is no need to deduct TDS.
1% TDS is to be deducted in case of "sale" only. This is not a case of sale and hence no need to deduct TDS.
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