Section 194IA- TDS on Purchase of Property @ 1%

Section 194IA- TDS on Purchase of Property @ 1% The purchaser of an immovable property (Other than agricultural land) has to deduct tax at source (TDS) @1%, while paying consideration the seller, if the value of immovable property is Rs 50 lakhs or more In order to prevent circulation black money in immovable property transactions, …

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