TDS under 194M or 194IA

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

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.... 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....

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....%. 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 f....

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....or TDS on immovable property.<br> Discussion Forum - Knowledge Sharing ....