banner_ad

TDS on Property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 February 2020 A Property is to be purchased and an advance towards the same is to be paid to the builder, so how can we deduct TDS @ 1% and pay as while filing 26QB, there needs to be filed date of agreement & agreement value, which is not confirmed as on the date of payment of advance and also upto the date of payment of TDS on such advance.

So can we pay the TDS on property on the whole amount together at the time of agreement registration, as the agreement value & date of agreement will be available only after that for 26QB, thus TDS will be paid on lump sum amount of agreement value & not on installments & the advance paid will be part of total consideration.

Note, there will be a period of around 3 to 4 month from the date of advance payment to till the date of signing the agreement.

please let us know how to go about with TDS on the same?
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
14 February 2020 you can deduct the whole amount in final or subsequent installment.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details