Tds

This query is : Resolved

Shah Viral Pramodbhai (Querist)
Follow

23 January 2014 suppose private company sells a office of Rs. 52 lacs. It includes service tax, vat, parking fees, electricity all including Rs. 300000 etc. So whether TDS u/s 194IA is applicable on Rs. 52 lacs or not?

CA Kapil Verma

CA Kapil Verma (Expert)
Follow

23 January 2014 Yes, as payment is done for package dea.

Shah Viral Pramodbhai

Shah Viral Pramodbhai (Querist)
Follow

23 January 2014 sir,i think now Service Tax should be excluded for TDS as per new notification no. 1/2014 or not? Please give some light on it.

Shah Viral Pramodbhai

Shah Viral Pramodbhai (Querist)
Follow

23 January 2014 sir,i think now Service Tax should be excluded for TDS as per new notification no. 1/2014 or not? Please give some light on it.

CA Kapil Verma

CA Kapil Verma (Expert)
Follow

24 January 2014 yes, service tax to be ignore for TDS

CA Kapil Verma

CA Kapil Verma (Expert)
Follow

24 January 2014 yes, service tax to be ignore for TDS

Shah Viral Pramodbhai

Shah Viral Pramodbhai (Querist)
Follow

24 January 2014 So all other exps. like VAT, society entrace fees, Stamp duty etc. should be added in basic price of property and TDS be levied? I read Section 194IA, but clarification as to value has not been given.

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