TDS on Final installment
This query is : Resolved
16 March 2025
Respected Sir/Madam,
I hope this message finds you well.
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).
Thanks & Regards,
Samiran
I hope this message finds you well.
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).
Thanks & Regards,
Samiran
21 March 2025
Not correct, it should be Rs. 5,45,250/-
04 October 2025
Good luck...
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