Sec- 194 ia

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 January 2014 I am a company & acquired a property on 20th may 2013 by an agreement & posession of the property also taken on the same day.but actual payment & Registration done on 05th June 2013. Whether provisions of the sec 194 ia applicable to me or not.

23 January 2014 As per section 194IA the TDS is to be deducted at the time of payment. Even the date of transfer is not relevant because the deduction has to be made when payment is made.
If you have made payment on or after 1st June, 2013 you are required to deduct TDS u/s 194IA.



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