Hi!
A commercial land has been purchased by a public limited company from a state government undertaking worth Rs 2 crores. Is TDS required to be deducted @ 1% U/S 194IA being payment to be made to government.
Menu
TDS on purchase of property from Govt.
Replies (2)
Quick Summary
Tds not required to be deducted in this case
Threshold limit is Rs.50 lacs.
1% is to be deducted in form 26 BQ.
1% is to be deducted in form 26 BQ.
Recent Topics :
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
Related Topics :
CAclubindia
