CA NeWs Beta*: TDS of 1% u/s 194-IA even on payment to builders for under construction or ready possess

Search This Site

Monday, June 17, 2013

TDS of 1% u/s 194-IA even on payment to builders for under construction or ready possess

It seems that prima facie, Sec. 194-IA is also applicable to payments made by the flat buyers to builders. Hence anyone buying a flat ( more than 50 lacs ) from a builder ahs to deduct 1% and do the needful. This will affect the tax workings & cash flows of builders. The section does not gi...read more

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...
For mobile version of this site click here


News Archive

Recommended Post Slide Out For Blogger