Form 26QB queries for joint property owners
Page no : 2
Maneesh Kumar
(Director)
(22 Points)
Replied 22 July 2018
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
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