Tds on sale of property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2015
Greetings...
any one give me guide regarding how to deduct TDS and pay it when there is advance payment for purchase of land.
for eg there is three cheque given of different date and aggregate of all is more than 50 lacs
whether i have to deduct tds on first cheque which is less than 50 lacs. if yes on which date.
any one give me guide regarding how to deduct TDS and pay it when there is advance payment for purchase of land.
for eg there is three cheque given of different date and aggregate of all is more than 50 lacs
whether i have to deduct tds on first cheque which is less than 50 lacs. if yes on which date.
21 September 2015
u need to deduct tds on aggregate amount since it exceeds rs 50lakhs.
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