Section 194ia

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Does section 194IA applies to transfer of tenancy reights to ownership??
Replies (2)

yes 

tds under section 194IA needs to be deducted ,if sale is above Rs 50,00,000

But there is no outflow of cash. Consideration as per purchase agreement is 65 lacss. But rent paid in prior years is the only consideration which is taken as income from house property by the other party.


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