Is TDS U/s 194IA to be deducted by the buyer of the property even if one single property is purchased from two different sellers?
Menu
Tds u/s 194ia
Replies (1)
Still there is no clarification on this,
But if we have close reading of the section 194 IA then we find a word Transferor in the Section not Transferors, which means Payment to Individual transferor of Property, if you are paying less than a limit to individual Transferor then sec 194IA will not attract,
Secondly, if you file TDS payment challan cum return for Sec 194IA then you have to Qoute PAN of Transferor, there also they ask for PAN of only one person, It also indicates that TDS is require to Deduct only when Payment to individual transferor exceeds specified Limit,
Recent Threads
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
- Tax planning with HUF
- FCN ( Financial Credit Notes) Treatement in Books
- Indemnity bond notarization for Income Tax (NRI ou
Related Threads
CAclubindia
