Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Section 194-IA is effective from 1st June 2013 on the sale/ purchase of immovable property. A buyer of immovable property at the time of making payment of contribution has to deduct the TDS (Tax deducted at source) from the amount. This section applies to every transaction of INR 50 Lakhs or more.
Depending upon the purpose of deduction, the following forms are filed for TDS return:
Section 194-IA applies in the following case:
Section 194-IA does not apply to the following:
The land shall not be treated as agricultural land for this section & shall be considered as immovable property if it is situated within the following range of area:
Following are the key points for better understanding about section 194-IA
Also, Read: TDS Exemption Certificate.
Following are the complete procedure for payment and filing of 26QB and furnishing of form 16B:
Following are the penalty & interest depending upon the case of failure:
Also, Read: Section 73 of the Income Tax Act, 1961.
An Automotive Dealerships Audit Checklist helps in an examination and review of aspects related...
The Companies Commission of Malaysia sets mandatory guidelines for maintaining the annual compl...
An industry audit is an important aspect of the oil and gas industry, it serves as a tool for e...
With the ever-increasing complexity of operations and potential risks involved with the chemica...
A joint venture is a strategic business arrangement in which two or more companies collaborate...
Are you human?: 5 + 4 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The Income Tax Act, 1961, prescribes the time limit in the form of due dates for filing of the return, payment of a...
23 Oct, 2019
The Supreme Court of India pronounced a judgement on 1st February 2023 in the case titled “M/s. Godrej Sara Lee L...
28 Feb, 2023