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Tds on purchased of agriculture land.

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 June 2015 Dear Sir
I am owner of a pvt. ltd. Manufacturing company. I have purposed to purchase agriculture land situated in back side of my existing factory. I have already convert my exiting factory land into non agriculture. The consideration of purposed agriculture land is on above 50 lakhs.

My query is that whether I deduct tds u/s 194IA.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 June 2015 no tds deductible when land is agriclutural land
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JUGAL PATEL

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JUGAL PATEL (Expert)
09 June 2015 There are clear wording in Sec 194IA that other than agriculture land situated in Rural area of india also go through the sec 2(14) . thus no TDS
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