Bikas Chapagain (AUDIT ASSISTANT) (55 Points)
31 January 2014Can anyone please state the implication and applicability of TDS u/s 194-IA in case of joint development agreement.
Mihir
(Wealth Manager)
(5293 Points)
Replied 31 January 2014
TDS u/s 194-IA applies to "sale" of residential house. It depends on the terms and conditions of the joint developement agreement. If the transaction in the agreement is in the nature of a sale, then section 194-IA will apply.
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
CAclubindia
