HI All
Would you please confirm whether GST amount is to be considered while determining threshold of 50 lakh u/s 194IA?
Suppose Transaction value is 47 Lakh and after Gst total value is being exceeding 50 Lakh then TDS will come u/s 194IA ?
Thank you
No. GST value will not be included if the agreement to sale value is 47 lakhs. Also check circle rate value i.e. FMV as per governmental rate.
VIKAS VERMA & CO
New Delhi
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O P Bagla & Co LLP
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Triveni Turbine Limited
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