Hi team,
I had booked an apartment on Nov 2015. The cost of the flat is 67 Lacs. But developer had 2 agreements, one is the sale agreement for UDS and other one is construction agreement.
The Sale agreement is somewhat 18 lacs and the Construction agreement is 49 Lacks. Do I need to pay the TDS @ 1% and submit the receipt to the builder. If yes, on what amout I had to pat the TDS?
I havent paid any TDS yet and I had already make a total payment of 65 lacs to the builder. How to proceed further.
Thanks
Amar