Tds on purchase of property.
This query is : Resolved
MadhuSudan Goyal
(Querist)
25 December 2013
If i made an agreement to sell on 31/12/2011 of Rs.96.50L &
Made part payment of 63L at that time by cheque only. Now due late freehold, Saledeed will be done on 3rd Jan. Should I deduct TDS@1% on 33.5 or 96.5. Please clarify.
25 December 2013
TDS will have to be deducted on the whole sale consideration.
Since the copy of challan needs to be attached with the sale deed, the tax will have to be deducted on the whole amount.
Since the copy of challan needs to be attached with the sale deed, the tax will have to be deducted on the whole amount.
25 December 2013
Even the section uses the word tds on gross amount..it means the total consideration.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Nursery business
- Tax on Amount transferred in HUF Account
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
