TDS on property purchase part payment
This query is : Resolved
Quick Summary
05 March 2024
I have purchased a property worth more than 50 Lac in December 2023. A payment of 30 Lac has been made for the same. Remaining payment will be due in next financial year. Should I deduct TDS on 30 Lac payment done in this financial year or wait till full payment is done?
05 March 2024
Deduct tax at source on the payment of 30 lakh and on each subsequent installment.
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