Tds on sale of immovable property
This query is : Resolved
05 June 2014
If we are going to purchase a property from government organisations such as Meerut development authority/ Awas Vikas. Wheather we are liable to deduct TDS or not?
05 June 2014
Dear Chetan,
You do not required to Deduct the TDS as any payment made to specified person are exempted from TDS and government is one of the such specified person.
In short, you do not need to deduct any TDS if you are making payment to any government authority.
You do not required to Deduct the TDS as any payment made to specified person are exempted from TDS and government is one of the such specified person.
In short, you do not need to deduct any TDS if you are making payment to any government authority.
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