Tds on purchase of immovable property.
This query is : Open
25 June 2013
Is this section applicable of transfer of Leasehold property under which only lease rights are transferred by the original lessee and actual ownership remains with the government. Also what are the consequences of non deduction of TDS in this case.
26 June 2013
U/S 194LA APPLICABLE ON TFR OF IMMOVABLE PROPERTY WHEN VALUE IS 50 LACS OR MORE THEN TDS DECUTABLE
NOT ON LEASE
NOT ON LEASE
26 June 2013
In case where payee is the Govt. no need to deduct TDS.
.
Transfer of lease rights is different from transfer of immovable property. In my view Section 194-IA will ot be applicable.
.
Please wait for expert opinions.
.
.
Transfer of lease rights is different from transfer of immovable property. In my view Section 194-IA will ot be applicable.
.
Please wait for expert opinions.
.
26 June 2013
Lease right here is such as in case of leasehold property being alloted by the government in focal points/industrial areas and if such property is further transferred than what is the applicability of this section.
26 June 2013
thanks for replying
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