What is the difference between sec 194ia & 194la in i t?
This query is : Resolved
05 March 2015
Tax on purchase of immovable property is 1% if the value of the property is more than 50lacks and purchase is other than agricultural land? Please inform me what is the difference between Section 194ia and 194la? which is the charging section for purchase of immovable property?
05 March 2015
Section 194ia is for TDS on Rent on Property
Section 194IA is for TDS on Sale of Property
Section 194IA is for TDS on Sale of Property
05 March 2015
194-IA is for TDS on sale of immovable property
194-LA is for TDS on compulsory acquisition of immovable property.
In your case, assuming you are not compulsorily acquiring an immovable property, section 194IA shall be applicable.
194-LA is for TDS on compulsory acquisition of immovable property.
In your case, assuming you are not compulsorily acquiring an immovable property, section 194IA shall be applicable.
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18 December 2015
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18 December 2015
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