SECTION 194IA ON HOUSE PURCHASE THROUGH BANK FINANCE

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is section 194IA applicable where consideration for property purchase is more then 50 lacs but payment is made by bank due to bank finance i . e. case of housing loan
Replies (4)
Yes . very much
If it is the case of partial bank finance then
Still. if the total consideration more than 50 lakhs, it is applicable
Under section 194IA form 26QB has a field of total consideration (property value) and amount paid in case of joint buyer and seller 4 form has to be filled if my property value is 11000000 then 2750000 per form is the amount
what value should i filled in total consideration 11000000 or 2750000.


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