SIR...DO WE HAVE TO DEDUCT TDS ON COMMISSION PAID TO AGENTS ON SALE OF PROPERTY
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 25 October 2020
Please refer Section 194 H of the Income Tax act 1961
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 25 October 2020
Navneet Prakash
(Proprietor)
(38 Points)
Replied 25 October 2020
123456
(Accountant)
(92 Points)
Replied 26 October 2020
Sir ..I m selling my property first time and its not my business. i promised to pay 1% commission on sale value.commission coming to 2,70,0000
Property value 2.70cr
Is it necessary to deduct TDS on this amount or should i ignore and pay full.amount.
Navneet Prakash
(Proprietor)
(38 Points)
Replied 26 October 2020
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
