Tag: On sale of immovable property the process to pay TDS

  • How to Pay TDS on sale of Immovable property

    TDS is applicable on sale of immovable property as per Finance Bill of 2013. Where the sale consideration of property is equal or exceeds to Rs. 50,00,000. According to Sec 194 IA, the Income Tax Act, 1961 TDS is applicable from from June 1, 2013  for sale of property exceeding Rs 50 lacs. At the time of making payment […]