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Section 194ia of income tax( tds on sale of immovable property)
Dear Frineds,
One of my friends has entered in to greement with builder for purchase of flat. Agreement value is Rs 7 Lac. But builder is constructing the house that cost is Rs 65 Lac. Whether TDS u/s 194IA is applicable on it?
Replies (3)
Total sales consideration is relevant at the time of credit or payment , i think sec.194IA would not be applicable .
Total sales consideration is relevant at the time of credit or payment , i think sec.194IA would not be applicable .
Nod tds is applicable if sale consideration is less than Rs.50Lakh
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