tds on property sale and purchasr
alim dada (133 Points)
17 March 2019
I need complete details are information regarding tds on property sale and purchase
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 17 March 2019
There is no TDS over sale of any property, but purchaser has to deduct TDS over payment made @ 1%,when purchased from resident Indian; if value of the property Rs. 50 lakhs or above, u/s. 194 IA of IT act
For more details refer: https://www.caclubindia.com/articles/194-ia-tds-on-sale-of-immovable-property-complete-details-19736.asp
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