If I purchase a immovable property exceeds Rs. 50 lakhs before 1 June 2013 and payment is made after 1 June 2013, is I liable to deduct TDS under sec 194IA ??
Plz help me.
Menu
Tds u/s 194 ia
Replies (1)
As an Individual, assuming you would not maintain books of accounts, the credit entry in favour of the seller is unlikely. In such case, the obligation will be triggered at the time of payment. Therefore, though you have purchased the asset prior to 1 June 2013 as the payment is made after 1 June 2013, TDS would need to be deducted.
Recent Threads
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
- Why the Costing Department Is Important ?
- Difference in efiling portal and intimation order
- Income tax challan correction
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
Related Threads
CAclubindia
