Form 26QB queries for joint property owners

TDS 38954 views 15 replies
Hi!, I purchased a flat from a private builder under construction linked instalment scheme in Gurgaon. The buyer seller agreement was executed in the year 2013 for a consideration of 4985661/- towards the cost of the flat. Now in the 2018, the builder has offered the possession of completed flat and given the final Price as 5800000/-. Do I need to deduct TDS on 800000 or the entire amount or there is no need of TDS as the initial agreement was for less than 50 lakhs. Best Regards
Replies (15)
Hi!, I purchased a flat from a private builder under construction linked instalment scheme in Gurgaon. The buyer seller agreement was executed in the year 2013 for a consideration of 4985661/- towards the cost of the flat. Now in the 2018, the builder has offered the possession of completed flat and given the final Price as 5800000/-. Do I need to deduct TDS on 800000 or the entire amount or there is no need of TDS as the initial agreement was for less than 50 lakhs. Best Regards


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register