provision of
Section 194LA are not applicable, the provisions of Section 194IA
of the Income Tax Act would apply to govern deduction ... either by the provisions Section
194LA or in other cases by Section 194IA . In both these
provisions, the liability to deduct tax at source
Provision in Chapter XVII
Sum 191 [Direct Payment]
194C [Payments to Contractors
194IA [Transfer of Immovable Property
Provision in Chapter XVII
Sum 191 [Direct Payment]
194C [Payments to Contractors
194IA [Transfer of Immovable Property
together
does not exceed Rs.50 lakhs. Therefore no deduction under
Section 194IA of the Income Tax Act can also be effected.
This is clear
petitioner exceeds
Rs.50 lakhs. Therefore deduction under Section 194IA of the
Income Tax Act has to be made.
3. 1% of the total sale
exceeds Rupees Fifty Lakhs in the instant case. Therefore
deduction under Section 194IA of the Income Tax Act has to
follow. There has been
