Tds
This query is : Resolved
02 October 2012
i have paid a commission of 967565 rupees to a real estate agent for the sale of agricultural land and industrial site. please advice whether i have to deduct TDS or not.
please treat this as urgent.
thanks in advance.
srinivas.k.n
please treat this as urgent.
thanks in advance.
srinivas.k.n
03 October 2012
If you are an Individual and not carrying any business. then you are not required to deduct the TDS u/s 194 H.
However, if your case is covered under sec. 44AB i.e if you are carrying on the business and gross turnover of the business exceeds Rs. 60 lacs in the previous year then you are required to deduct TDS u/s 194H @10%.
However, if your case is covered under sec. 44AB i.e if you are carrying on the business and gross turnover of the business exceeds Rs. 60 lacs in the previous year then you are required to deduct TDS u/s 194H @10%.
03 October 2012
thanq for your valuable advise.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
