TDS Challan on Purchase of property

This query is : Resolved 

31 May 2025 I have purchased a property on which I am liable to deduct TDS. The builder asked me to deduct TDS on the last payment. So while filling the TDS challan, I have selected the Lumpsum option showing sale consideration as the amount being paid . But in the lumpsum option, I also have to disclose the Value of property for stamp duty purposes, which the builder has not worked out till now. Although I am sure that the stamp duty value is going to be less than the sale consideration ( as per the builder ) so the TDS will be calculated on the Sale consideration only. In such a case can I fill the stamp duty value of the property the same as sale consideration? Is there a possibility that if i fill the sale consideration amount as the stamp duty value also in the TDS challan, the authorities will compel me to pay stamp duty on the same amount

31 May 2025 Better to confirm stamp duty value as per circle rate before deducting TDS. It is readily available in ready reckoner.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries