Tds on immovable property

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2015 x is a holder of land he is seller.he is giving power of attorney to y for which y pays rs 1 crores and for uds of land y gives 3 flats to x as consideration.
whether y has to deduct tds on building portion also apart from cash which he is giving.

please give me ur valuable advice eith reason.

thanks

05 January 2015 The total consideration is 1 crore plus 3 flats so TDS to be deducted on total consideration including the value of flats.

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2015 sir it means power of attorney holder has right to deduct tds

if a registered revocable power of attorney is executed in favour of power holder then still he will deduct tds or not

05 January 2015 Whatever consideration paid/property given TDS is required to be deducted.


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