Tds on land equalisation charges

TDS 175 views 1 replies

Dear All Experts,

Is deduction of TDS is applicable on payment of Land Equalisation Charges ? If yes then under which section and at what rate?

An early reply is highly appreciable.

Thanks & Best Regards  

Replies (1)
section 194IA
1% TDS
if the consideration value is 50 lakh or more


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