TDS on immovable property
This query is : Resolved
Rajeev kumar
(Querist)
08 April 2016
I bought a flat having value of 51 lacs which includes 2 lacs of service tax Do I have to deduct tds.
CA R SEETHARAMAN
(Expert)
08 April 2016
As the value of the property exceeds 50 lacs you have to deduct TDS but TDS applicable on 49 lacs only if service tax is shown separately.
KAVIRAJA ADDANGADI
(Expert)
08 April 2016
If sale consideration shown 50 lakhs and above tds to be deducted.
02 May 2016
I think following article will be helpful to you:
https://taxguru.in/income-tax/notices-related-tds-immovable-property-purchase.html
If you find it helpful Give your score by clicking on " Thank user"
https://taxguru.in/income-tax/notices-related-tds-immovable-property-purchase.html
If you find it helpful Give your score by clicking on " Thank user"
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