Hello friends, how are you? Welcome to a new episode of
Dharamvayik Lecture.
Dharamvayik Lecture? Sir, what is this?
Dharamvayik Lecture is like a Dharamvayik episode.
It comes every day.
I am also like Ekta Kapoor's serial.
I come every day as an episode of 15-20 minutes.
The only difference is that we don't have breaks.
We don't have breaks or ads.
We have a complete serial.
The artist stands up wearing a mic and tells you about the
knowledge.
How are you friends?
Good? Having fun outside?
It should always be like this.
What else is there in life other than laughing and talking?
Come.
We have seen a lot of sections.
194? What was there in the last lecture? 194?
It came.
It was about rent.
It had a limit of Rs. 2,40,000.
Today, a new lecture, a new topic, a new morning.
The topic is 194 IA.
194 IA.
What does this section tell us? 194 IA.
A new section has come.
IA.
What is 194 IA? 194 IA says that if any person...
Let me set my column.
Yes.
If a person sells his immovable property...
If he sells his immovable property...
He is selling.
Who is he?
Tell me his name.
Think about it.
Tell me his name.
His name is Murari.
Murari sold his property.
To whom did he sell?
Mr. Murari sold his property to Mr. Kala.
His name is Kala.
When he sold his property...
In his hands...
Income.
In his hands, what will Murari get?
Income.
There is a property.
If I sell the property, what will I get?
Income.
In his hands, what will I get?
Income.
Okay, brother.
And you know that the heart of our government is such
that...
Income is there this year.
Although tax has to be collected next year.
But what does the government say?
Brother, come this year.
Get your TDS deducted this year.
Who will deduct TDS?
The one who is giving income.
Who is giving income?
Who is giving income to Murari?
Kala is giving, isn't it?
So who will deduct TDS in this case?
In this case, Kala will deduct TDS.
Kala will deduct Murari's TDS and deposit it to the
government.
In Murari's account...
He will see his TDS.
He will download it from the website of Form 26AS income
tax.
And will check how much TDS has been deducted.
The amount of TDS that has been deducted...
When he will pay his final tax...
He will deduct TDS.
And he will pay the net amount.
It's a simple concept.
I haven't told anything new till now.
Till now, I have told only those things...
Which have been going on since before.
The old talks in the scriptures...
Which have been going on regarding TDS...
I have read only those scriptures.
And I am telling you, my dear...
That these scriptures say...
That if there is a property worth more than 50 lakhs...
The scriptures say that if you sell a property worth more
than 50 lakhs...
Then TDS will be deducted at a rate of 1%.
There is a rate of 1% in this case.
Is the director understanding me?
The director has said...
Thumbs up, master.
Move ahead.
One day, I will introduce you to my director.
This is my promise.
The director is saying...
Let's go, master. Move ahead.
I have had enough.
Let's move ahead.
How did Murari get the income?
He sold his property.
He sold it to Kala.
Kala gave him money.
But when will TDS be deducted?
When? When the property worth more than 50 lakhs is sold.
How much will TDS be deducted?
It will be deducted at a rate of 1%.
Sir, according to practical life...
A very important section...
You move ahead in your life...
This is my blessing.
Move ahead so much...
That you continue to sell your property.
Your properties keep on being sold.
You keep on buying properties.
But when you sell your property...
Your TDS will be deducted at a rate of 1%.
If the value of your property is worth more than 50 lakhs.
Sir, which value?
Which value will this 1% be deducted?
Because till now, wherever the property has been covered...
We are talking about the stamp duty value, sir.
Wherever the property has been covered...
We are talking about the stamp duty value.
So, which value will this 1% be deducted?
Sir, we have to deduct 1%...
Either the actual money that you have got...
Actual money...
Or the stamp duty value.
Actual money or stamp duty value money...
Whichever is higher.
Whatever is more than both...
You have to deduct 1% of that.
Who are you?
You are Kala.
What is Kala doing?
He is buying the property.
So, whoever is buying the property...
If the value of the property is more than 50 lakhs...
Either the actual consideration or the stamp duty value...
Whichever is higher...
In that case, he will deduct 1% of the TDS.
Friends, this is the point.
Actually, all the things have come in this money.
For example...
For example, listen to me first.
It is a very interesting topic.
According to real life, it is very important.
Because in future, you may go to buy a flat.
You may go to buy a flat in a society.
And if you go to buy a flat in a society...
Or if any of your family member has bought a flat...
You will see that the price of the flat is included.
There is a price.
There is a parking fee.
There are club charges.
There is a fee for the maintenance of the society.
If you add all these fees...
All these things are to remove the actual consideration.
All these things are to be added.
If you add all these things, what will be the result?
Actual consideration.
Friends, who should be compared with?
Stamp duty with value.
And whichever is higher among the two...
Whichever is more among the two...
You have to deduct 1% of that.
Whatever you will pay...
Whatever you will pay to the seller...
Deduct TDS and pay it.
It is a simple section.
If you want to see it once...
See it and then I will make you read it.
Click a photo of it.
Whenever I make such images...
Sir, from where do you find these names?
Murari? Kala?
Friends, I say the names that come to my mind at that time.
I don't think about what name I will say.
At that time, if there is a person...
I will say Murari.
And from where will I find the name?
My whole day is spent with these people.
You can't see from your face...
What we have seen.
That's it.
If I can't see from you...
Where will I see the name?
Shall we go ahead?
Come on.
See what he says.
What does he say?
He says that any transferee...
Who is paying any sum as consideration...
For transfer of immovable property...
To the resident...
He will deduct the tax at the rate of 1%...
Or the stamp duty value...
1% of satsang or stamp duty value...
Whichever is higher.
But keep in mind...
Keep in mind that...
Rural agricultural land is not covered in this.
Sir, the villagers...
The poor villagers...
Their agricultural land...
Let me tell you...
If you ask a person from a village...
Who is a farmer...
For him, his land is more important than his house.
Because he knows that...
This land...
After farming on it...
I am feeding my 5 family members.
If I lose this land...
From where will I...
How will I survive?
Sir, that's why...
When a person sells his land...
There must be a great helplessness...
Of that person...
Who sold his God.
Land is God for him, sir.
It is his source of sustenance.
If there is no land, how will he survive?
There must be a great helplessness...
When he sold his land.
In that case, the government says...
We also understand your helplessness, sir.
That's why if you sell your land...
If it is a rural agricultural land...
These TDS provisions...
Are not applied on it.
No matter how much land he is selling...
Let him take all the money...
To his house.
Whatever his income tax will be...
We will see next year.
But for now, his helplessness...
Must have been of this kind...
That he kept his rural agricultural land...
From his heart.
When it used to rain...
And when the sun used to hit the land...
He used to look at the sun...
With his eyes closed...
He used to say...
Take your eyes away from here.
And today, he has to sell that land.
There must be some helplessness.
In that case, don't apply the TDS provision...
On that poor farmer.
He is already dead.
at the time of credit or payment whichever is earlier.
There is a threshold limit of Rs. 50 lakhs.
Compulsory acquisition of a movable property is not covered
here.
For that, the government has made a second section.
The provisions of 203A containing the requirement of
obtaining tax deduction account number shall not apply to
the person who is required to deduct tax.
Meaning, you don't have to give a 10 number in 194IA.
It means that if you buy a property worth more than Rs.
50 lakhs, you don't have to give a tax deduction account
number.
You will be able to do your work with your 10 number.
If you sell a property worth more than Rs.
50 lakhs, you won't get all the money.
1% of the money will be deducted in the name of TDS.
194IA Thank you very much.