Tds
This query is : Resolved
22 February 2014
If a company is in the business of Construction of Residential Complex than if it purchases land worth 60 lac than is ot required to deduct tax @ 1% u/s 194IA ????
22 February 2014
Dear Jay as per sec 194IA any person being a transferee responsible for paying to a resident transferor by way of consideration rs. 50 lakh or more he has to deduct TDS @ 1%. There is no exception to the builder or real estate agent
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24 February 2014
Sir, I have made part payment so am i required to deduct TDS on every payment or can i deduct full amount of TDS on the last payment???
02 March 2014
you need to deduct TDS on each of the payment at 1% to avoid interest penalties for delayed deduction
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