Tds on immovable porperty u/s 194ia

www.incometaxindia.gov.in/Charts%20%20Tables/TDS%20Purchase%20of%20Immovable%20property.htm

FROM JUNE  1st 2013, WHEN A BUYER BUYS IMMOVABLE PROPERTY  (i.e. a building or part of a building or any land other than agricultural land) COSTING MORE THAN RS 50 LAKHS HE HAS TO DEDUCT TDS WHEN HE PAYS THE SELLER . THIS HAS BEEN LAID OUT IN SECTION  SECTION 194-IA OF THE INCOME TAX ACT