Tds on purchase of property
This query is : Resolved
11 March 2019
I have to purchase an agriculture land for goat farming. Whether there is an issue of TDS on account of purchasing of agriculture land.
11 March 2019
No TDS. Inference - 194IA.
12 March 2019
No,TDS. Inference - 194IA.
Will u sir explain to me in detail ? I am not able to understand.
Will u sir explain to me in detail ? I am not able to understand.
12 March 2019
If the residential status of the seller is 'resident', the buyer need not deduct income
tax on the purchase of immovable property irrespective of the value. For details
please read section 194IA of the income tax act,1961 in www.incometaxindia.gov.in.
tax on the purchase of immovable property irrespective of the value. For details
please read section 194IA of the income tax act,1961 in www.incometaxindia.gov.in.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- FORM 141 SDV query
- Invertaded duty struture
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
