Hello,
I have paid token money Rs 50000 for the purchase of a flat on 6th jan 2024 but i was not aware that I need to deduct TDS.
1. Now, can I deduct the TDS on the entire sale amount as per the percentage according to the rules at the time of final payment to the seller, in one single entry?
2. While paying the TDS online, can I split the payment in multiple parts using different credit cards/UPI/Netbanking or the payment method has to be the same and single transaction should be done
3. I have applied for loan and in case there is a delay in disbursement and the 7th of next month approaches and disbursement doesnt take place, would i have to deposit the TDS on token money 50k on 7th?
4. Agreement with the seller is also not done yet, shall i ask him to mention amount before deduction, in the agreement, saying the buyer has paid rs 60000 (for example rounded off), out of which 50000 is paid to me as token and 10000 is deducted for TDS?
Thanks in advance
CAclubindia
