What is the difference between sec 194ia & 194la in i t?

This query is : Resolved 

05 March 2015 Tax on purchase of immovable property is 1% if the value of the property is more than 50lacks and purchase is other than agricultural land? Please inform me what is the difference between Section 194ia and 194la? which is the charging section for purchase of immovable property?

05 March 2015 Section 194ia is for TDS on Rent on Property

Section 194IA is for TDS on Sale of Property

05 March 2015 and what about 194LA section?


05 March 2015 194-IA is for TDS on sale of immovable property
194-LA is for TDS on compulsory acquisition of immovable property.

In your case, assuming you are not compulsorily acquiring an immovable property, section 194IA shall be applicable.

18 December 2015 http://taxguru.in/tag/section-194ia/

18 December 2015 http://taxguru.in/tag/section-194la/



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries