Section 194-IC of ITA, 1961 : Section 194-Ic: Payment Under Specified Agreement
ITA, 1961
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Explanation using Example
Imagine Priya and Raj enter into a joint development agreement for the construction of a building on Priya's land. According to the agreement, Raj, a builder, is supposed to pay Priya, the landowner, an amount of ₹50 lakhs as her share of the consideration for the...
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