Section 194-IA applies as sale value is ₹1.5 crore
Buyer deducts TDS @ 1% (₹1.5 lakh)
TDS deposited via Form 26QB within 30 days
Form 16B issued to seller
Seller later adjusts TDS against capital gains tax
Thank you very much sir.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
