Sirji ,
Properly Sale consideration- 49.90 Lacs
Government's Value for stamp Duty - 53. Lacs
Sir , my question is that provisions of Tds deduction @ 1% section 194-IA will be applicable ?
Thanks in Advance.
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Tds on sale of Property 50 lacs or more
Replies (8)
195(IA) will attract only if the sale consideration exceeds Rs.50lakhs.
sorry it's 194(IA)
yes it will attract.
you should deduct TDS @ 1%
Sir, Thanks for your valuable reply .
May I ask that in my case Agreement value is 49.90 lacs , So Tds will not be apply ?
May I ask that in my case Agreement value is 49.90 lacs , So Tds will not be apply ?
Sir, May I know under what basis TDS should be deducted? so the I can correct myself.
Sorry Sir, I beg your pardon.
Since Mr.Kanj Goel sir has told that TDS to be deducted I asked, on what basis TDS to be deducted. Because the value is less than 50 L only.
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