Section 194ia
This query is : Open
08 June 2013
In case entire payment is received before 1st June 2013 and only sale deed registration is pending, will TDS @ 1% required?
08 June 2013
not required, in this case
10 June 2013
Thanks. Now in this situtation if the sale deed amount is Rs. 52,00,000/-, out of which Rs. 51,00,000/- is received before 1st June, 2013 but Rs. 1,00,000/- is pending and shall be received at the time of sale deed in June 2013, then whether TDS to be deducted and if yes on what amount?
10 June 2013
Thanks. Now in this situtation if the sale deed amount is Rs. 52,00,000/-, out of which Rs. 51,00,000/- is received before 1st June, 2013 but Rs. 1,00,000/- is pending and shall be received at the time of sale deed in June 2013, then whether TDS to be deducted and if yes on what amount?
10 June 2013
no n this case also sec-194IA not apply.
10 June 2013
why pls explain with reason...is it that if Rs. 50 lac payment is to be done after 1st June,2013 then only TDS shall be applicable?
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