Hello,
I wanted to know that if buyer is purchasing the Residential house directly from builder, whether buyer is required to deduct TDS from payment to builder.
2 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 28 May 2015
Yeah, buyer has to be deduct TDS if consideration is >= 50 lacs
vydehi
(student)
(35 Points)
Replied 28 May 2015
Yes as sec 194IA -Transfer of certain immovable property other than agriculture land(w.e.f 1-6-2013) which exceeds 50laks then TDS @ 1% be deducted.
Recent Topics
- New directors time limit for GST portal upload
- TDS on Residential Property sale by NRI
- Rcm on rent applicablity
- Query franchiseeGST
- Https://www.facebook.com/pureearthcbdgummies/
- Income Tax Loss Set Off And Carry Forward Provisio
- DONATION TO EDUCATIONAL INSTITUTION REG
- Validity of TP notice under section 92CA (2)
- Can we claim partial Unused TDS under House Rent P
- Groundnuts clining job work hsn code
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
