Hi All,
Today's video is about Property Above 50 lakhs - TDS -194IA
#propertysale #194IA #ManianGopi
TDS on Sale of Property is levied @ 1% on transaction of all properties where the total transaction value is more than Rs. 50 Lakhs. The manner of levy of TDS on Property has been explained in detail in this article. The topics covered are as under:-
Rate of TDS on Sale of Property
Amount on which TDS is to be deducted
TDS Deducted to be deposited with the Govt
Procedure for Deposit of TDS
TDS on Amount paid in Installments
TDS in case of more than 1 buyer or 1 seller
Penalty for Non-Deduction/ Non-Deposit of TDS
Other Relevant Points regarding TDS on Property
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