TDS under section 194IA
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....DS under section 194IA<br> Query (Issue) Started By: - wig sinbad Dated:- 29-5-2018 Last Reply Date:- 24-7-2018 Income Tax<br>Got 1 Reply<br>Income Tax<br>should tds @1% be deducted in case of advance....
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.... paid for land immoveable property during Fin Year 2017-18; or should the TDS u/s 194IA be deposited with the revenue on the date when The sale / conveyance deed for transfer of property is registered....
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.... in the jurisdictional court which will be in Financial year 2018-19. at the time of advance payment there is some chance of the deed of sale not maturing and the advance being refunded. Reply By DR....
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.....MARIAPPAN GOVINDARAJAN: The Reply: TDS @ 1% is to be done at the time of advance if the value exceeds ₹ 50 lakhs<br> Discussion Forum - Knowledge Sharing ....
TaxTMI
TaxTMI