Hello Experts,
I need a help paying TDS for property Purchase for the newly implemented rule .I booked my Flat on May 2019 and till July I Paid 90% to the builder .
This 90% amount was the sale consideration value and I paid 1% TDS for the same and there is no issue in it .
Now 10% balance amount was raised by builder now in the current month that September 2019 .This 10% balance amount is other charges (BWSSB charges,amenities and facilitates etc charges)
As per the new TDS rule I have to pay 1% for this "other charges" also .When I initially paid TDS I have given the sale consideration value only 90% of the amount this is As per old rule .
now if I pay TDS for the balance amount what is the "sale consideration value" I have to put?
do I need to calculate 90%+10% as total sale considartion ? for thew TDS payment
If yes the previous payment which was made also has to be changed with the 90%+10% as sale consideration value .Please advice me on this
CAclubindia
