Query Regarding TDS on Property

Dear sir,


    I am looking out for some information regarding TDS on sale of property. Please do let me know if the sale agreement value is exactly ₹50,00,000/- then Do I need to deduct TDS from sale consideration OR the TDS is applicable only Above ₹50,00,000.
Replies (2)

If the sale agreement value is exactly ₹50,00,000/- then Do I need to deduct TDS from sale consideration?

Ans:: YES.... u/s. 194IA

 

Thank you sir for your opinion..

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