27 February 2019
Hetal, If Capital Assets of property of Long term nature sold to an Indian Resident and amount of Registration is above 50 Lacs then TDS @1% to be deducted on the amount of transaction. This is applicable on advances paid also.
28 February 2019
Just adding a line in reply of respected Senthil ji...You need to deposit the same on the PAN of deductee and issue him/her a TDS certificate also.
CAclubindia
