Tds on sales of land or buildings
This query is : Resolved
debasis patra
(Querist)
05 December 2013
is there any tds to be deducted on sales of immovable properties like build and land if yes in which tds section
Sumit Grover
(Expert)
06 December 2013
Under section 194-IA(inserted w.e.f. 01-jun-13), tds needs to be deducted @1% on purchase of land/building, whose sale consideration exceeds Rs. 50 lacs.....
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