Tds related query - sec. 194ia
This query is : Resolved
01 August 2013
We booked property in 2010, till date no documentation has been done for that property.The value of property is Rs. 1,20,00,000 plus other cost is Rs.5,00,000(Other cost includes club-house charge, Advance maintenance charges,electrical charges, Development charges etc.)plus Service tax amount is Rs.3,25,000 (Approx.). Before 01/06/2013 (i.e.date from which sec.194IA is applicable) we have already paid amount of Rs.90,00,000 plus 2,00,000 service tax. Now, we are going to pay Rs.6,00,000 plus Rs.22,000 service tax. So, now on which amount we need to deduct TDS, whether on 6 lacs or 6.22 lacs or on 96.22 lacs? If at present we deduct TDS on Rs.6 lacs only then at the time of execution of sale deed will there any issue arise? And TDS is to be deducted including service tax amount or not?
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
- ITR -1 Filing
- TWO FIRM NAME IN ONE GST NUMBER
- Form 16 Issues
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- SEA GOING ALLOWANCE
- IGST Refund pending since June 2022.
- TDS whether applicable or not in case of Flat purchase
- Procedure and Documents Required for Release of FD from DVAT
- Treatment of Profit on sale of fixed assets
- Which ITR application
- SALES MADE THROUGH E COMMERCE OPERATOR 9(5)
- Igst utilisation query
- Interest will be paid
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
- REGARDING PERALLEL PROCEEDINGS CAN MOVE TOGETHER FOR SAME MATTER
Trending Online Classes
CAclubindia
