Poonawalla fincorp
Poonawalla fincorp

Section 194IA clarification required.

This query is : Resolved 

23 June 2016 Sale agreement was entered on 23.04.2013 foe purchase of flat. 300000/- amount was paid before June 2013. This month the i.e June 2016 the construction is completed and registration will be done soon. Cost of the flat is 5500000/- paid in installments since the date of sale agreement. Wheather TDS is applicable?

23 June 2016 yes ... property value is exceeding rs 50 lakh .... tds @ 1% applicable

23 June 2016 So the date of sale agreement is not relevant?


24 June 2016 you are paying the amount after applicable of this section then you have to deduct the tds on amount your are paying.



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