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Tcs on cash payment to builder

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(Querist)
04 March 2017 IF ONE PERSON BOOK A FLAT FOR RS. 40 LAKH PAYABLE IN 10 EQUAL INSTALLMENT. HE PAID FIRST INSTALLMENT IN CASH AND BALANCE TO BE PAID BY CHEQUE. WHETHER TCS IS APPLICABLE IN WHOLE Rs. 40 LAKH OR Rs. 4 LAKH, WHICH IS PAID IN CASH.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 March 2017 As the value of the property is less than 50 lacs no TDS applicable.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 March 2017 Seetharaman Ji

Seems the query is about 206C(1D)(iii)



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 March 2017 Thank You Mr. Warrier.
TCS applicable only on the cash payment of 4 lacs.

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