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Tds on purchase of property

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 April 2015 SIR/MADAM
I had purchased property and the agreement for the same has been executed. The sale consideration is above Rs 50 lacs so i need to deduct tds @ 1% before making the payment.
but my issue is i have made payment of Rs 3 lac in feb 2015 and balance will be paid in month of may 2015 so how much amount of tds should i deduct now
please reply
thanks in advance
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 April 2015 if the amount of gross sale consideration does not excedds rs 50 lakhs then tds provisions shall not be applicable.

https://www.charteredclub.com/tds-on-property/
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