Hello,
I wanted to know that if buyer is purchasing the Residential house directly from builder, whether buyer is required to deduct TDS from payment to builder.
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Related to tds u/s 194ia
Replies (2)
Yeah, buyer has to be deduct TDS if consideration is >= 50 lacs
Yes as sec 194IA -Transfer of certain immovable property other than agriculture land(w.e.f 1-6-2013) which exceeds 50laks then TDS @ 1% be deducted.
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