30 June 2014
Section 194IA is very much clear on this point. According to section 194IA, TDS is required to be deducted out of every sum credited or paid in cash or by cheque to the transferee. This provision is applicable w.e.f. 1.6.13. Therefore, TDS is required to be deducted from every payment made on or after this date irrespective of whether the property was purchased prior to this date or not.
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