TDS on immovable property
This query is : Resolved
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.
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.
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"
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Rental income of jointly held property
- ITR-3 File/Error Found
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
