Tds on booking of application form

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Hi,

I am filing a application form for booking a commerical land worth Rs. 5 Crore on draw basic and we are paying Rs. 50 Lakh as booking ammount till the draw could not be done. Does we need to deduct the TDS on 50 Lakh.

Pls clearfy.

Regards,

Vivek

Replies (2)

TDS is applicable

TDS is applicable 194ia more than 50 Lac 

 

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