DT November 2017 Exam Paper

Page no : 3

Narendra mahadev hegde (ARTICLESHIP STUDENT) (246 Points)
Replied 14 November 2017

yes .u/s 194IA

ankita agrawal (209 Points)
Replied 14 November 2017

tds personal in nature no tds

Deval M. Thakkar (Student CA Final and Article Assistant at Talati & Talati Ahmedabad) (368 Points)
Replied 14 November 2017

Where it is written in the question that house was purchased out of sale proceeds of land.... It was purchased through taking a loan....

1 Like

ankita agrawal (209 Points)
Replied 14 November 2017

first 2 case last purchase transaction no tds

1 Like

sharique (Student CA Final ) (51 Points)
Replied 14 November 2017

That applies for 194C not 194IA

Deval M. Thakkar (Student CA Final and Article Assistant at Talati & Talati Ahmedabad) (368 Points)
Replied 14 November 2017

Last is covered under TCS... goods pur other than gold... Amt does not excced 2L so no tcs... 1st of personal nature and 2nd one TDS u/s 194IA @ 1%

Akshay Desai (andheri) (222 Points)
Replied 14 November 2017

It is not necessary that the house have to be purchased out of the sale proceeds of land because as per section 54F any house purchased 1 year before the transfer of asset also qualifies for deduction. In this question it was prior case.

1 Like

himanshu rathi (article) (32 Points)
Replied 14 November 2017

194c mh h personal in nature bt 194J was d case n ind was liable to tax audit u/s 44ab bit confused

Deval M. Thakkar (Student CA Final and Article Assistant at Talati & Talati Ahmedabad) (368 Points)
Replied 14 November 2017

It that question service of architecture has been obtained... So in no case it is contarct... It is not for construction of house it is for furnishing of house