1% tds on sale of property of > rs50l
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2013
Sec 194 IA and Budget 2013 wef 1.6.2013
I am the buyer purchasing prop valued Rs.60L as per sale deed .
Home loan was availed for Rs.48 L and balance of Rs.12L out of my savings.
Rs.10 L paid in April 2013 by cheque and Rs.2 L paid on 30.5.2013 and Rs.48 L on 31.5.2013 ( home loan disb ) , both by Bankers cheques, mentioned in sale deed also.
I could register the sale deed with Registrar office only on 3rd June
Since full payments were made on or before 31.5.13, is the TDS of 1% applicable in this case? I have not paid the same till date.
I am the buyer purchasing prop valued Rs.60L as per sale deed .
Home loan was availed for Rs.48 L and balance of Rs.12L out of my savings.
Rs.10 L paid in April 2013 by cheque and Rs.2 L paid on 30.5.2013 and Rs.48 L on 31.5.2013 ( home loan disb ) , both by Bankers cheques, mentioned in sale deed also.
I could register the sale deed with Registrar office only on 3rd June
Since full payments were made on or before 31.5.13, is the TDS of 1% applicable in this case? I have not paid the same till date.
15 June 2013
t.d.s. is not applicable in your case. as you have made payment before 1st june by bankers cheques.
Rupesh Jain
(Expert)
15 June 2013
r/sir
tds on immovable property above rs. 50 lacs
applicable on only resident transferor
not on non resident
tds on immovable property above rs. 50 lacs
applicable on only resident transferor
not on non resident
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