Tds on property
This query is : Resolved
Deepak Tapse
(Querist)
26 December 2014
If agreement is Rs. 65 L which we have to pay within next two years as per schedule mentioned in agreement. In this regards, can we deduct one time TDS on entire agreement value i.e 1% of 65 L while making first payment? say, Rs. 500000/- Less TDS Rs. 65000/-
CA PARAS BAFNA
(Expert)
27 December 2014
Yes , you can deduct TDS on entire agreement value.
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