Tds on property
This query is : Resolved
22 July 2013
If we purchase the property (land for company purpose) , amt decided (More than Rs. 50 Lac) but not pay to seller, So, TDS will be pay before payment of land or not ?
22 July 2013
tds will be deducted at the time of payment
22 July 2013
TDS @ 1% has to be deducted under section 194IA at the time of credit of such sum to the account of the transferor OR at the time of payment of such sum WHICHEVER IS EARLIER.
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