TDS Challan on Purchase of property

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When purchasing property and needing to deduct TDS, you might face challenges filling the TDS challan, particularly the 'lumpsum' option. This involves disclosing the property's value for stamp duty purposes, which may not be immediately available. It's advised to use the ready reckoner or circle rate to determine the stamp duty value before deducting TDS to ensure accuracy and avoid potential issues with tax authorities.

Ashish Agarwal

Ashish Agarwal (Querist)
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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