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Tds under section 194 1a

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Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2013 I have purchased a flat and for a certain amount against Basic Sale Price, Preferred Location Charges (PLC) and Floor Premium Charges (FPC).

My question is, Should I deduct 1% TDS on PLC and FPC part as well?

What should I do, if my builder doesn't ready for deduction against PLC and FPC?

Thanks

Sumit Grover

Sumit Grover (Expert)

08 November 2013 In my view, these charges should also be included, since these are also the part of consideration for transfer...... Since, CBDT hasn't clarified the same, so, on a safer side, it is advisable to deduct TDS on these chaarges as well, to avoid any intt/penal provisions in future...

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