Hi All,
I have some specific queries on TDS on property. Can the knowledgeable please answer them.
1. I have signed two agreements with the builder.
a. Sale Agreement b. Construction agreement
None of these are more than 50L in value but both put together is more than 50L.
As the sale value of the property is less than 50L, is the rule applicable for me?
2. I have already given my first installment without deducting the TDS. Shall I deduct that part in the next installment and deposit all of it at once? Is there any violation of rule here?
Thanks a ton in advance.
CAclubindia
