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Tds on propety u/s 194ia
for TDS on property u/s 194Ia, whether TDS is required to be deducted only on the amount of sale consideration or also n the other charges like advance maintenance charges, legal charges, paid to seller?
Replies (1)
Dear Neel,
Please note that tax should be deducted at the rate of 1% by the buyer on the value of consideration received by the seller on the transfer of immovable property.
Legal charges and maintainance charges goes to Govt. and society respectively.
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