Any person (buyer) who is liable to make payment while purchasing immovable property should deduct TDS mentioned u/s 194 – IA. If amount of ‘consideration’ payable for transfer of immovable property is Rs. 50 lakhs or more TDS will be deducted u/s 194 – IA. The term ‘consideration’ is currently not described for purposes of […]
TDS / TCS (Income Tax) - Information & Resource Bank