1. Is tan Mandotory on purchase of Land.{No (as per Subsection 3 of 194IA) }
Is above sub section superceded/is it till applicable.
2. Is 194IA applicable on purchase of Land from NRI or tds u/s 195 is applicable.Then TAN is mandatory/Not.
Jyothis (Article) (1127 Points)
21 October 20151. Is tan Mandotory on purchase of Land.{No (as per Subsection 3 of 194IA) }
Is above sub section superceded/is it till applicable.
2. Is 194IA applicable on purchase of Land from NRI or tds u/s 195 is applicable.Then TAN is mandatory/Not.
Miss Rinkal
(Student)
(1309 Points)
Replied 21 October 2015
TAN NO is not required in case of TDS that is deducted on account of Sec 194IA
Sec 195 will be applicable if the transferor is a non resident. And as per sec 195, tan no is mandatory to be provided