TDS on Purchase a property (Agricultural Land)
This query is : Resolved
05 July 2025
Sir,
If a domestic company purchase a Agricultural Land of Rs. 80/- Lacs from 5 Co-Owner equally on August 2024 and payment made in July 2024 through demand draft each person individually.
TDS u/s 194IA Purchase on Property applicable or not.
If a domestic company purchase a Agricultural Land of Rs. 80/- Lacs from 5 Co-Owner equally on August 2024 and payment made in July 2024 through demand draft each person individually.
TDS u/s 194IA Purchase on Property applicable or not.
05 July 2025
If the agricultural land is classified as "urban agricultural land" (i.e., it doesn't meet the criteria for rural agricultural land), then it is considered a capital asset and its sale would be subject to TDS under Section 194IA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54 f disallowed will be taxed at what rate
- TWO FIRM NAME IN ONE GST NUMBER
- ITR -1 Filing
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Form 16 Issues
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- SEA GOING ALLOWANCE
- IGST Refund pending since June 2022.
- Transfer of rectification rights to ao
- Trust 10AB form required for old asst. years?
- Treatment of Profit on sale of fixed assets
- Interest will be paid
- CHANGE IN PARTICULARS OF DIRECTOR
- Procedure and Documents Required for Release of FD from DVAT
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Other party gstin shown on my login id
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Query on TDS Section 194H
Trending Online Classes
CAclubindia
