Tds on property purchase
This query is : Resolved
28 June 2019
Is it necessary to pay TDS on property purchase before sale deed? . It is required to write tds challan details in sale deed?
28 June 2019
Not required.
The purchaser of the property has to deduct the TDS, either at the time of executing the conveyance deed, or at the time of payment of advance in case any advance is being paid before the execution of the conveyance deed. The buyer has to deposit the TDS amount to the credit of the central government, within 30 days from end of the month in which the tax is so deducted.
The purchaser of the property has to deduct the TDS, either at the time of executing the conveyance deed, or at the time of payment of advance in case any advance is being paid before the execution of the conveyance deed. The buyer has to deposit the TDS amount to the credit of the central government, within 30 days from end of the month in which the tax is so deducted.
30 June 2019
No TDS is deducted if sale consideration is less than Rs 50lakhs
other wise its compulsary and various state government demands tds challen and mention in deed at the time of registry
other wise its compulsary and various state government demands tds challen and mention in deed at the time of registry
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