TDS on Immovable Property to be deducted by buyer at 1%

Section 194IA, is effective from 01.06.2013.  Accordingly on sale of immovable property Buyer has to deduct TDS @1% and deposit the same with the income tax department. Key Highlights of TDS on Immovable property are mentioned below: TDS is to be deducted by buyer @ 1% of value. TDS is … Continue reading