THE PURCHASE CONSIDERATION PAYMENT BEFORE 1/4/13 WAS RS. 42 LAKHS, THE PAYMENT AFTER 1/4/13 IS RS. 48 LAKHS, THE SALE DEED WILL BE RS. 100 LAKHS, WHEN WILL TDS BECOME DUE? IF TDS HAS NOT BEEN DEDUCTED SO FAR, WILL THE ASSESSEE HAVE TO PAY INTEREST ON LATE DEDUCTION AS WELL AS LATE PAYMENT OF TDS?
Menu
Tds under section 194ia
Replies (2)
Sec 194 IA is applicable from 1.6.13; Tds is to be deducted when amount credited/ paid w.e. earlier i.e., agreement fr sale wl be date of credit; Interest is to be paid @ 1.5% p.m.
If TDS has not been deducted, interest rate will be 1% pm (not 1.5%)
Recent Topic
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
- Section 54F deduction - GST and Stamp Duty cost wh
- Professional Crossed 20 Laks in Dec 26 Failed to T
- F&O in ITR
- CA Final Self pace Module
- Query Regarding House Ownership Transfer Reflected
- Money transction within Family
- ITR-2 salary breakup updation
- Application for ₹2 Crore Term Loan under Cre
Related Topics
CAclubindia
