TDS U/s 194IA
This query is : Resolved
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13 March 2020
Daer Sir/madam
Partnership into the business of buying and selling of immovable properties and one of the partner while floating the firm he brought an immovable property as a capital introduction.
Now doubt arises that,
whether TDS needs to be done by the partnership firm for such property ?
Please give your valuable reply to the above issue
Thank you in advance
Laxmi
Partnership into the business of buying and selling of immovable properties and one of the partner while floating the firm he brought an immovable property as a capital introduction.
Now doubt arises that,
whether TDS needs to be done by the partnership firm for such property ?
Please give your valuable reply to the above issue
Thank you in advance
Laxmi
13 March 2020
No TDS applicable if the property continue to be in the name of partner.
14 March 2020
property will be in the name of partnership firm
so TDS has to be done since it satisfies 194IA
so TDS has to be done since it satisfies 194IA
14 March 2020
Agree with you TDS applicable if property transferred to the firm.
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