Tds on immovable property
This query is : Resolved
15 December 2014
DEAR SIR/MADAM
WE HAVE PURCHASED A PROPERTY OF WOTH RS. 9800000/- ON 17/10/2013. Now we received a notice of TDS deptt. for deducting the TDS at 1% and deposit the same. What should be the amount of TDS, ITS INTEREST AND PENALTY OR FEE?
WE HAVE PURCHASED A PROPERTY OF WOTH RS. 9800000/- ON 17/10/2013. Now we received a notice of TDS deptt. for deducting the TDS at 1% and deposit the same. What should be the amount of TDS, ITS INTEREST AND PENALTY OR FEE?
15 December 2014
Amount of TDS is 98000 and interest is 1% per month.
15 December 2014
For How many months?
15 December 2014
15 months..................
15 December 2014
what if i purchased that property on 12/10/2013?
15 December 2014
Part of the month will be treated as one month. Even for a day it will be treated as one month.
15 December 2014
Part of the month will be treated as one month. Even for a day it will be treated as one month.
15 December 2014
Thank you so much sir
thank for resolving problem.
Last thing id interest is levied on tds amount? not on value of property?
thank for resolving problem.
Last thing id interest is levied on tds amount? not on value of property?
15 December 2014
Interest is levied on tds amount.
15 December 2014
Thank you so much sir. I am very honoured.
15 December 2014
Thank you so much sir. I am very honoured.
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