Tds on sale of property
This query is : Resolved
06 April 2016
My company is proposing to buy a property (flat) at Chennai. The cost of the property is as follows:
UDS : 50,00,000/-
Construction cost : 1,50,00,000/-
Total cost of the flat : 2,00,00,000/-.
Kindly let us know for which value TDS is to be deducted and at which rate.
Kindly let us know whether the same is subject to WCT under VAT & Service Tax.
Kalyan
UDS : 50,00,000/-
Construction cost : 1,50,00,000/-
Total cost of the flat : 2,00,00,000/-.
Kindly let us know for which value TDS is to be deducted and at which rate.
Kindly let us know whether the same is subject to WCT under VAT & Service Tax.
Kalyan
06 April 2016
TDS to be deducted on 2 crore at 1%. Service tax and WCT applicable.
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