TDS ON PROPERTY
This query is : Resolved
28 July 2016
FOR THE CALCULATION TDS WHICH VALUE CONSIDER BETWEEN STAMP VALUE OR ACTUAL VALUE
ACTUAL VALUE = 4900000
STAMP VALUE = 5400000
28 July 2016
There's no citation on the section regarding Stamp Duty value. Hence, TDS to be done on ACTUAL PAYMENT value only irrespective of stamp duty.
FYI-
https://www.incometaxindia.gov.in/Charts%20%20Tables/TDS%20Purchase%20of%20Immovable%20property.htm
FYI-
https://www.incometaxindia.gov.in/Charts%20%20Tables/TDS%20Purchase%20of%20Immovable%20property.htm
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