Tds provision u/s. 194 ia on purchase of immovable property
This query is : Resolved
20 December 2013
Dear All,
My client had purchased one Immovable Property Value of Rs.80 Lacs before 1 June 2013. Advance Payment made of Rs. 70 lacs at the time of Agreement to Sale before 1 June 2013.
Now the Party has registering Sale Deed in the Month of Dec. 2013 & wants to issue Balance Payment of Rs. 10 Lacs to the seller of Property.
My Question is Whether he is required to Deduct TDS on whole Consideration of Rs. 80 Lacs or on Balance Payment of Rs. 10 Lacs or not required to deduct TDS on any Amount.
Kindly Guide me on this Query as early as possible with relevant Case Laws or any Provision.
My client had purchased one Immovable Property Value of Rs.80 Lacs before 1 June 2013. Advance Payment made of Rs. 70 lacs at the time of Agreement to Sale before 1 June 2013.
Now the Party has registering Sale Deed in the Month of Dec. 2013 & wants to issue Balance Payment of Rs. 10 Lacs to the seller of Property.
My Question is Whether he is required to Deduct TDS on whole Consideration of Rs. 80 Lacs or on Balance Payment of Rs. 10 Lacs or not required to deduct TDS on any Amount.
Kindly Guide me on this Query as early as possible with relevant Case Laws or any Provision.
22 December 2013
only on the balance payments made after 1 June 2013. Payments before that are not to be considered.
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- STCG FOR GOLD ETFs
- STCG on ETF gold & silver
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- REGARDING GST LIABILITY/....
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
