banner_ad

Tds u/s 194 ia

TDS 627 views 1 replies

 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.

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details