Advance payment

89 views 3 replies
Whether part payment is done on purchase of house property attract TDS under 194 I
Replies (3)
If the aggregate value exceeds 240000 rupees during the year then tds u/s 194I is applicable
For every payment small or big but total property payment exceeding 50 lakhs consideration attract TDS provisions.
On purchase of house property TDS is applicable when value exceeds 50 lakh


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register