I would like to confirm if I can proceed with the details mentioned below. The confusion arises regarding the value of "Amount on which TDS is to be deducted." I would appreciate your guidance on this matter.
There are two buyers, and I am providing individual data for each. The total property value is ₹7,092,500/-.
Individual Details:
Total Value of Consideration (Property Value): ₹3,546,250/- Payment Type: Installment Is this the last installment? Yes Total Amount Paid/Credited in Previous Installments (A): ₹3,000,000/- Amount Paid/Credited Currently (B): ₹5,46,250/- Total Stamp Duty Value of the Property (C): ₹3,546,250/- Amount on which TDS is to be Deducted (D): ₹3,546,250/- TDS Amount: ₹5,463/- Could you kindly suggest the correct value for the "Amount on which TDS to be deducted" is correct or not. In earlier the value was same with Amount Paid/Credited Currently (B).
CAclubindia
