TDS u/s 194IA

One of my Client Start to make & Complete payment to Promoter from FY 2012-13, 2103-14, 2014-15 & 2019-20 of Rs81Lakh (Including of Service Tax Rs2. 52 lakh) for purchase of Flat.

They taken a possession of Flat in September 2019 (Registery made on 19.09.19).

please note Buyer payment details :-Financial Year:-
2012-13- Rs45 lakh
2013-14-Rs21 Lakh
2014-15-Rs11Lakh
2019-20-Rs4 Lakh

Wheather Buyer have to pay TDS @ 1% as said value is exceeding the limit or TDS not applicable as Flat Half value paid in 2012 before applicability of law i.e. 01.06.2013
Replies (1)
It's debatable since 194IA applicable from 1st July 2013.

Consideration paid after the applicability of the section is less than 50lacs.

But at that the house might not have been in existence.
So your client got the house in 2019 .Total consideration paid for the house is exceeding 50lacs ,he must deduct tax @ 1% on last payment.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details