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TDS applicability on transfer of tenancy rights, Income Tax |
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TDS applicability on transfer of tenancy rights |
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As per S/194 IA TDS @ 1% is to be deducted in respect of payment on transfer of certain immovable property other than Agricultural Land. Does immoveable property include "Transfer of tenancy right" i.e. If the Incoming Tenant enters into transfer of tenancy and pays compensation to the Outgoing Tenant exceeding ₹ 50 lakh - Will TDS be applicalble as per S/194 IA of the Income tax Act, 1961? Posts / Replies Showing Replies 0 to 0 of 0 Records No Post / Reply found for this query Old Query - New Comments are closed. |
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