194-ia tds deduction

Dear Sir,

 

I have purchased one flat @ 80 Lacs which in under construction. I have made agreement on 20th March 2012. I have paid Rs 50 Lacs before 1st June 2013. Now balance 30 Lacs I have to paid in installment after 1st June 2013.

 

Should I need to Deducted TDS from Builder ?

On which amount I need to deducted the TDS (whole amount 80 Lacs or balance amount 30 Lacs) ?

Regards

 

Devendra Mehta

 

 

Replies (3)

Yes, TDS will aplicable on transactions effected after 1st june'13. so  you need to deduct tax @ 1% on the payments due on or after 1st June'13. i.e on 30 lacs

I think u shud deduct on 30 lacs..

I think you should not deduct any TDS, since the date of agreement is 30th march 2012. I think TDS is effective after 1st June 2013 with respect to the date of agreement and not date of payment. If the agreement is dated after 1st June 2013, then TDS will be applicable. I may be wrong.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details