TDS on Sale of Properties
This query is : Resolved
07 February 2025
We have purchased flat @ 135,00,000 with 3 buyers with share 70%, 22% and 8%. Buyer-1 has major portion and taken loan however need to pay TDS before that. He has made payment in 2 instalments - (a) 5L on 11-Dec-2024 and (b) 28L on 3rd Feb and remaining through Loan. While making TDS payment - Payment Type is Instalment and Lumpsum.
In this scenario I have following options -
1) Payment Type: Instalment / Lumpsum
If Instalment selected then
2) Whether it is last Installment - Yes / No [In this scenario Loan amount considered as last or the 28L considered as last payment]
(Note: If yes selected then only it allows to enter Stamp duty value)
3) Total amount paid/ credited in previous installments, if any (A) * [What amount be entered]
4) Amount paid/credited currently (B) * [What amount to be entered]
I have issued cheque on 31st Jan and cleared on 3rd Feb so I need to enter 3rd Feb only right? Remaining payment made after TDS deduction so TDS deduction date will be 31st Jan or 3rd Feb. While deduction loan amount payment is also considered...
Request you to help here..
In this scenario I have following options -
1) Payment Type: Instalment / Lumpsum
If Instalment selected then
2) Whether it is last Installment - Yes / No [In this scenario Loan amount considered as last or the 28L considered as last payment]
(Note: If yes selected then only it allows to enter Stamp duty value)
3) Total amount paid/ credited in previous installments, if any (A) * [What amount be entered]
4) Amount paid/credited currently (B) * [What amount to be entered]
I have issued cheque on 31st Jan and cleared on 3rd Feb so I need to enter 3rd Feb only right? Remaining payment made after TDS deduction so TDS deduction date will be 31st Jan or 3rd Feb. While deduction loan amount payment is also considered...
Request you to help here..
12 August 2025
https://docs.google.com/document/d/1jCB_W6S2lrP7yJ8wDijTobXw2ktXMBCdE4iDrByWQuU/edit?usp=sharing
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