https://www.taxtmi.com/acts?id=40525 Section 194-IA is amended to require deduction of tax at one percent of the consideration or the stamp duty value of immovable property, whichever is higher, and to provide that no deduction is required only where both the consideration and the stamp duty value are below the monetary threshold; an Explanation is inserted to define "stamp duty value" by reference to the Explanation to clause (vii) of sub-section (2) of section 56. en-us Tue, 01 Feb 2022 15:58:58 +0530 Tue, 01 Feb 2022 15:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40525 Section 194-IA is amended to require deduction of tax at one percent of the consideration or the stamp duty value of immovable property, whichever is higher, and to provide that no deduction is required only where both the consideration and the stamp duty value are below the monetary threshold; an Explanation is inserted to define "stamp duty value" by reference to the Explanation to clause (vii) of sub-section (2) of section 56. Act-Rules Bills Tue, 01 Feb 2022 15:58:58 +0530 https://www.taxtmi.com/acts?id=40525