Value of a property for consideration under section 194ia

Hi All,

 This is regarding value of property for consideration under section 194IA.

While deciding this value what all should be considered and what should be rejected ? I have given the cost heads below. Please let me know what all should be considered. 

1. Basic Flat Cost ( = Rate * Area) 

2. Car Parking 

3. Amenities Charges 

4. Water and Electricity Department Charges

5. Service Tax

6. Legal Charges

7. Registration Charges

 Thanks a lot in advance for the help.

Replies (2)

Dear Saumya,

 

You have to pay the TDS on the agreement value of the flat. is this breakup given in the agreement?

The value of the property for 194-ia shall be the sale consideration agreed upon in the sale agreement between the buyer and the seller. 

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