Saravanan (Accounts Manager) (37 Points)
13 August 2014dear sir,
the single land of owners of A,B and C jointly sale on immovable property. The sales price for each owner is Rs 20lakhs, Rs 15 lakhs and Rs 35 Lakhs respectively. In this case individual purchase price is more than Rs 50,00,000. if applicable of TDS?
S.Saravanan
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 14 August 2014
Kanugula Srinivasarao
(Manager)
(23 Points)
Replied 10 August 2016
Dear sirs,
My flat value Rs53,50,000/-. Can we split flat value 49,50,000+4,00,000(changes / provision for extra amenities ), Flat registration yet to be done. Can I exclude it for TDS?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182355 Points)
Replied 10 August 2016
@ Kanugula:: Flat registration value as per deed should be 49.50 L.
You can avoid TDS u/s. 194IA.
But other factors like purchaser's affirmation, circle rate difference, and due to that any other compliences are to be looked before final decision.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
