As per act twice the rate of rate in force
***TDS is to be deducted on the amount of consideration paid by the transferee to the transferor This section does not take into account the stamp duty value of the immovable property, whereas, as the provisions of section per 43CA and 50C of the Act, for the computation of income under the head “Profits and gains from business or profession” and “capital gains” respectively, the stamp duty value is also to be considered. Thus there is inconsistency in the provisions of section 194-IA and sections 43CA and 50C of the Act.
10 Lakhs per transaction
(a) if the remittance is a loan obtained from any financial
instituted as defined in section 80E, for the purpose of Persuing any
(b) id the remittance is other than mentioned in (a) above.
(b) 5% (applicable from 01.10.2020)
0.5% (applicable from 01.10.2020)