TDS u/s 194IA
This query is : Resolved
bhagwat Indore
(Querist)
26 July 2016
if transfer of rural agricultural land and builder has deducted TFS u/s 194 IA ,then what should i do ,
cause as this section not applicable to rural agricultural land .
Gokul Sharma
(Expert)
26 July 2016
sale of agriculture land is exempt . no capital gain will arise. you should file your return and claim refund by showing this as exempt income
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bhagwat Indore
(Querist)
26 July 2016
thanks a lot
bhagwat Indore
(Querist)
26 July 2016
do I need to show amount in return ?
Gokul Sharma
(Expert)
27 July 2016
yes under exempt income
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Dhirajlal Rambhia
(Expert)
26 October 2021
Check properly, it cannot be rural agricultural land, as it is purchased by builder. How come TDS u/s. 194IA was deducted?
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