banner_ad

TDS Applicability: Sale of Agriculture Land

777 views 5 replies
User Avatar

253 Points Posted on 15 July 2021
Hi,

Sold agriculture land for Rs. 90 Lakhs

TDS will be deducted by the Purchaser?
1 Reply Share Follow
On 15 July 2021 at 01:32 Report
Replies (5)
User Avatar

Profession Business
28196 Points Posted on 15 July 2021
Rural or agricultural.
44 Reply
On 15 July 2021 at 06:33
User Avatar

STUDENT
1631 Points Posted on 15 July 2021
1 % amount exceeding Rs.50 Lakhs u/s 194IA .

So 90000 must deducted by the buyer in Form 26QB.


But,It's as agricultural land as per IT provisions -No tax impact,Means no Long Term /Short Term Capital Gain ,Therefore no need to deduct TDS.
3 Reply
On 15 July 2021 at 09:02
User Avatar

253 Points Posted on 15 July 2021
Agricultural Land in urban area
1 Reply
On 15 July 2021 at 09:32
User Avatar

403 Points Posted on 15 July 2021
If it's agricultural land, no need to deduct tax
Reply
On 15 July 2021 at 11:49
User Avatar

STUDENT
1631 Points Posted on 15 July 2021

Please confirm, Then no TDS /Income Tax Applicable.

3 Reply
On 15 July 2021 at 15:29


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details