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SECTION 194IA ON HOUSE PURCHASE THROUGH BANK FINANCE
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)
Quick Summary
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.
what value should i filled in total consideration 11000000 or 2750000.
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