50 lksh immovable property

Dear sir , my client purchased 50 lakhs land .
which return i need to file ? and we need debit the tds anything .
Replies (3)
Quick Summary
This discussion clarifies the applicability of TDS under Section 194-IA for property purchases exceeding 50 lakhs, including land. It confirms that TDS is indeed applicable in such cases. However, the correct Income Tax Return (ITR) to file depends on the individual's overall income sources, not solely on the property purchase.

ITR need to be filed as per his income details.

TDS u/s. 194Ia will be applicable on the purchase of any property, including land for Rs. 50 lakhs or above.

Thanks for reply . which itr applicable

As said earlier, what are income heads?

e.g. salary, capital gain, rental income etc...

Based on these, ITR can be decided; not just on purchase of property.

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