spot_img

TDS under section 194-IA of the Income Tax Act is only applicable when the consideration for the transfer of immovable property exceeds Rs. 50 lakhs per buyer.

Date:

Share post:



the taxtalk

 47 total views

TDS under section 194-IA of the Income Tax Act is only applicable when the consideration for the transfer of immovable property exceeds Rs. 50 lakhs per buyer.

 

 

The ITAT’s Jodhpur bench ruled that TDS under section 194-IA of the Income Tax Act is only applicable when the consideration for the transfer of immovable property exceeds Rs. 50 lakhs per buyer. Despite the fact that the section requires the buyer to deduct TDS of 1% of the greater of the consideration or stamp duty value of the property that is not less than Rs. 50 lakhs. (ITA No. 118/Jodh/2021)

 

1683004548911



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img

Related articles

Qantas Airways’ international flying to be twice as lucrative in post-Covid era

Bloomberg | | Posted by Zarafshan Shiraz Qantas Airways Ltd. said international flying will be at...

European tourism: 5 things to know about Moldova, one of Europe’s poorest countries with 300 days of sunshine per year

Moldova, which hosts the second summit of the European Political Community on Thursday where 47...

Air France flight to Paris turns back to Osaka in Japan after malfunction

Reuters | | Posted by Zarafshan Shiraz, Tokyo An Air France KLM SA passenger plane flying...

Senior travel made easy: Tips for older adults to plan your summer getaway

Summer travel is a fantastic opportunity for older adults to explore new cultures, witness new...
spot_img