Applicability of section 194_ia - limit

This query is : Resolved

Vimal (Querist)
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27 February 2014 Please clarify the limit for deduction of TDS u/s. 194-IA :

Is it -
Only Agreement Value [Sale Consideration]

or
Cost of Acquisition i.e.
Agreement Value [Sale Consideration] + Reistration Expenses + Stamp Duty + Brokerage + Documentation Charges + Other Incidental Expenses

Also the threshold limit u/s. 194-IA is -
equal to or greater than Rs. 50.0 Lakhs
OR
greater than Rs. 50.0 Lakhs

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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27 February 2014 The value of stamp duty and registration charges are paid to the goernment and not to the seller so the amount is to be paid on gross amount of agreement value only without taking other charges

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