Tds u/s 194la
This query is : Resolved
16 June 2015
Assessee is purchasing a house property worth more than Rs.50 lacs.He is not covered under tax audit. Is he liable to pay TDS u/s 194LA in such a case?
17 June 2015
Yes he is liable to deduct TDS since u/s 194IA it is mandatory to deduct tax at source when the property purchased is worth more than Rs. 50 Lacs irrespective of tax audit or not.
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17 June 2015
Agree with CS Abhi.
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