Tcs on cash payment to builder
This query is : Resolved
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.
04 March 2017
As the value of the property is less than 50 lacs no TDS applicable.
04 March 2017
Seetharaman Ji
Seems the query is about 206C(1D)(iii)
Seems the query is about 206C(1D)(iii)
04 March 2017
Thank You Mr. Warrier.
TCS applicable only on the cash payment of 4 lacs.
TCS applicable only on the cash payment of 4 lacs.
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