Section 194IA is qua each transferee and not qua aggregate consideration

Shamim Irshad Vs ITO (ITAT Delhi)

Section 194IA seeks to provide that every transferee, at the time of payment or crediting any sum as consideration for transfer of immovable property (other than agriculture land) to a resident transferor shall deduct @ 1% of such sum.

he moot question therefore is whether the obligation provided under Section 194IA is qua the property or qua the transferee.

From the text and tenor of provisions of Secti

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