Section 194 IT Act..definition of transaction vslue

TDS 80 views 2 replies

We are selling land at Bilaspur fir Rs.48 Lakhs plus stamp duty , lawyers fees etc Rs. 5 L. Total value involves Rs.53 L

While applying section 194 for 1% TDS, what transaction value is to be considered? If we keep it below Rs.50 L, does buyer deduct 1% tds.

Pl guide.

Replies (2)

If your sale deed value is 48 lakhs, the TDS will not be deducted.

All other expenses or charges are not considered for sell value of the property.

Allexpenses are considered for calculation of capital gains.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register