Property tds 1% can be paid later

498 views 1 replies

Hi,

My property is above 50 lakhs and I have made the payment to the builder of Rs 7 lakhs on 3 July without filing the TDS. Can I file the TDS now for that payment and submit to the builder or how should I proceed.

 

thanks

Abhi

Replies (1)

if property value is below 50,00,000 no tds is deducted. but the values is more then 50,00,000 you have deducted 1% tds and after payment is made.

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