Tds on short term capital gains of non resident

TDS to be deducted on u/s 194LLA @ 1% if the amount exceeds 50 Lakhs

Is there such a section in present income tax act??

I guess 194 LAA, if that is what you are trying to say, has been withdrawn.

Please clarify.

With effect from 01-10-2012 194LAA clarifies that any payment on trnsfer of certain immovable property other than agri land TDS to be deducted @ 1% ( If 50Lakhs for urban agglomeration or 20lakhs for any other area )

Sir, 

w.e.f 01.06.2013 Sec. 194 IA is in effect.

This section specifies the same provision which you have stated.

Also, Sec. 194 IA specifies the word "Resident Transferor". hence, i m seeking clarification as to whether Resident is liable to deduct 1 % TDS when buying property from NRI (NRI Transferor).