TDS under 194M or 194IA

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... TDS under 194M or 194IA
Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 3-9-2019 Last Reply Date:- 5-9-2019 Income Tax
Got 1 Reply
Income Tax
An individual enters into contrac .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t with a developer to purchase a apartment costing 2 crore of which 75 lakh is towards land & 1.25 crore superstructure. All along the individual was deducting tax u/s 194IA on total sum of 2 crore @ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1%. With introduction of section 194M, does the scenario change. Is he liable to deduct tax u/s 194IA or 194M Reply By Ganeshan Kalyani: The Reply: Section 194IA is more appropriate as it provides .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... for TDS on immovable property.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X