Income Tax Department vide notification no 39/2013 dated 31st May 2013 has released the provisions and rules related to section 194-IA i.e. TDS on transfer of certain immovable properties other than agriculture land whose value or consideration exceeds Rs. 50 lacs, regarding mode of deduction, time of deposition and issuance of TDS certificates.
The amendment came into effect from 1st June 2013. The prescribed rules of section 194-IA are as under:
tax 'N' accounts people
Tarun Kumar Gupta
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