banner_ad

Tds on purchase of property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 June 2013 I am an NRI living abroad and purcahsing a property in India where 20% i am paying to developers now and balance75% is being released by bank within 45 days and final 5% will be released by bank at time of possession,2 yrs down the line. Can i deposit TDS on entire property value in one shot NOW. Would it be acceptable to Indian tax authorities or do I have to NECESSARILY deposit with each payment ?

Please give your expert advise on this issue.
Thanks.
Profile Image

CA. Anuj Gupta

Profile Image

CA. Anuj Gupta (Expert)
24 June 2013 As per your query , you intend to deposit TDS for 95% of payment in the financial year 2013-14 and for for 5% , 2 years later.

The law is not clear on this aspect, so it shall be better to deduct and pay TDS for whole 100% in the financial year 2013-14.


Anuj
femaquery@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details