Answers On Topic: TDS U/S 194IA
I have a query. Suppose X purchased a flat at a certain price which is subject to TDS. Flat is fully furnished and cost includes furnishing and interior cost. In the sales deed it is clearly mentioned that this is the value of property and this is the value of interior and other furnishings. Can TDS and stamp duty be paid taking only the property value in consideration. It means, leaving aside the interior portion can TDS be deducted? Will that be legal?
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if a body corporate purchase a land and pay some consideration in monetary term and balance in kind in form of floor in the constructed building so how can we determine the value of sale consideration for TDS applicability under section 194IA ? please give the case reference also
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Query for SECTION 194IA