Advance payment
Goutam Sen (62 Points)
22 January 2021
Whether part payment is done on purchase of house property attract TDS under 194 I
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 22 January 2021
If the aggregate value exceeds 240000 rupees during the year then tds u/s 194I is applicable
Kapadia Pravin
(17259 Points)
Replied 22 January 2021
For every payment small or big but total property payment exceeding 50 lakhs consideration attract TDS provisions.
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 23 January 2021
On purchase of house property TDS is applicable when value exceeds 50 lakh
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