Tds on purchase of immovable property
This query is : Resolved
Rajneesh Jaiswal
(Querist)
14 July 2014
Hi,
TDS on pruchase of immovable property has been introduced w.e.f June 2013. My question is if purchase agreement has been executed in July 2009 and the payments are made with progress of construction work will the purchaser be liable to deduct TDS?? If yes on what amount, only the amounts paid after June 2013 or on the entire amount paid since July 2009??
TDS on pruchase of immovable property has been introduced w.e.f June 2013. My question is if purchase agreement has been executed in July 2009 and the payments are made with progress of construction work will the purchaser be liable to deduct TDS?? If yes on what amount, only the amounts paid after June 2013 or on the entire amount paid since July 2009??
Guest
Guest
(Expert)
14 July 2014
Liability to deduct TDS arises only on the payments made after 1.06.2013.
14 July 2014
only on amount paid after 1.6.2013 tds will be applicable.
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