TDS on purchase of property -194IA


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Quick Summary
This discussion clarifies the TDS liability under Section 194IA for property purchases. If a purchase deed is registered after the financial year ends, and no payment is made before registration, the TDS liability and Form 26QB filing date depend on either the date of registration or the date of payment, whichever occurs first.

(Querist)
14 April 2021 If purchase deed of December 2020 is registered in April 2021 and no consideration is paid before April 2021 then TDS liability will arise in December 2021 or will it arise in April 2021 as transaction will be actually enforceable after registration. What will be treated as date of transaction for TDS and filing 26QB, December 2020 or date of registration

15 April 2021 As no consideration has been paid, you may consider date of registration or date of payment, whichever earlier, for the purpose of TDS.

15 April 2021 As no consideration has been paid, you may consider date of registration or date of payment, whichever earlier, for the purpose of TDS.


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