Manager - Accounts
21 Points
Joined January 2013
Pls. advice about applicability of TDS @ 1% under following circumstances
A :-
1) Cost of Property : Rs.80,00,000/-
2) Before 01/06/2013 amount paid Rs.40,00,000/-
3) Property is registered on 28/03/2013
B:-
1) Cost of Property : Rs.80,00,000/-
2) Before 01/06/2013 amount paid Rs.40,00,000/-
3) Property is not yet registered.
Query : (For - A)
1) Whether TDS is applicable since the property is registred before 01/06/2013
2) If yes whethre the TDS shall be applicable on remaining amount of Rs.40,00,000/- or on entire consideration
Query : (For -B)
1) Whethre the TDS shall be applicable on remaining amount of Rs.40,00,000/- or on entire
consideration.
2) Whether TDS is payable once on entire consideration OR against each installment