Easy Office
LCI Learning

Regarding IT TDS Liability

This query is : Resolved 

08 July 2024 Land owner is "A", construction on it is done by "B".After the completion of construction, A's share is purchased by "B" & payment of same is below 50lakhs.

Does it attracts any TDS deduction liability on part of "B"?

08 July 2024 Only if the agreements of both the transactions are not agglomerated.

09 July 2024 What if party "B" is partnership firm?


09 July 2024 Doesn't change the stand. Sec. 194IA is based on the FMV of the asset transferred.

09 July 2024 If total consideration of such transaction is below 50 lakh then any TDS provision would be attracted?
Note: Agreement is done as per FMV of property.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query