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TDS provision
if @ the time of agreement it was agricultural land but @ time of registration it was being transformed into commercial land. So will TDS be applicable ??
Replies (7)
Yes, if the document value or Stamp duty value is in excess of 50 lakhs, TDS provisions will attract
Thank you Rama sir
Oh thank you ...it will be as per 194IA right? at rate of 1%
Welcome Mr Ankit. @ mr soham - yes you are correct. the relevant section is 194IA @ 1%
Now it will be 0.75%.
Reduced rate after 14/05/2020
Yea correct
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