Applicability of 1% TDS on purchase of Property

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A) Total Consideration Costas per Provisional Allotment Letter (Year 2012) is INR : 49,50,000.00
Break up is as follows,
Basic Price : 46,00,000.00
IDC             :   100,000.00
Car Parking :   200,000.00
Electric Sub-station : 50,000.00_
Total (INR) : 4,950,000.00

B) Additional Charges as per Provisional Letter are INR: 200,000.00
Break up is as follows,
IFMD : 60,000
Maintenance Advance for One Year : 20,000
Social Club Charges Rs : 100,000
Social Club Subscriptttion for One Year : 20,000
Total (INR) : 200,000.00

Total Cost (INR) : (A) + (B)
: 4,950,000.00 + 200,000.00
= 5,150,000.00
Service Tax (additional as applicable)

As can be observed, Total Consideration Cost is INR : 4,950,000.00 (which is less than 50.0 lacs) and Total Cost is INR 5,150,000.00 (that includes Maintenance and Social Club Charges). Service Tax as applicable will be additional.

In view of above, please advise if TDS 1% is applicable.

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