Dear Experts,
One of my client purchased property worth exceeding Rs.50 Lakh on 23.09.2019, the entire sale consideration is adjusted with the advance which was paid to the seller in the year 2011. TDS @ 1% u/s 194IA is applicable? Kindly advice.
Murugesan (Tax consultant) (43 Points)
05 October 2019Dear Experts,
One of my client purchased property worth exceeding Rs.50 Lakh on 23.09.2019, the entire sale consideration is adjusted with the advance which was paid to the seller in the year 2011. TDS @ 1% u/s 194IA is applicable? Kindly advice.
veerendar singh
(tax consultant)
(3301 Points)
Replied 05 October 2019
Kapadia Pravin
(17249 Points)
Replied 05 October 2019
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