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TDS under 194M or 194IA, Income Tax

Issue Id: - 115385
Dated: 3-9-2019
By:- Ethirajan Parthasarathy
TDS under 194M or 194IA

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An individual enters into contract 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 @ 1%.

With introduction of section 194M, does the scenario change. Is he liable to deduct tax u/s 194IA or 194M

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Showing Replies 1 to 1 of 1 Records

1 Dated: 5-9-2019
By:- Ganeshan Kalyani

Section 194IA is more appropriate as it provides for TDS on immovable property.


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