Trex Gaming_67 (243 Points)
01 May 2022
Kev Men
(756 Points)
Replied 11 May 2022
As per section 194IA, if the seller is 'Resident', TDS will need to be deducted at 1% if the consideration is Rs. 50 lakhs or more. In the instant case, TDS will be applicable and will need to be deducted at 1% on Rs. 1 crore.
CA SAGAR BASU
(Chartered Accountant)
(35 Points)
Replied 11 May 2022
1% on 1crore as per section 194IA as the consideration exceeds 50 lacs
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
