Tds on property purchase

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S SHAH (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.

Shrikant Toshniwal

Shrikant Toshniwal (Expert)
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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

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