TDS on buyback of flat
This query is : Resolved
26 October 2017
We are planning to buyback few units from our client in our Project at premium of Rs. 1500/- per sq. ft.. Please clarify us whether we are required to deduct TDS on this transaction?
27 October 2017
TDS would be required to be deducted u/s 194IA of the Income Tax Act if the sale consideration exceeds Rs. 50 lakhs.
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