We are selling land at Bilaspur fir Rs.48 Lakhs plus stamp duty , lawyers fees etc Rs. 5 L. Total value involves Rs.53 L
While applying section 194 for 1% TDS, what transaction value is to be considered? If we keep it below Rs.50 L, does buyer deduct 1% tds.
Pl guide.
If your sale deed value is 48 lakhs, the TDS will not be deducted.
All other expenses or charges are not considered for sell value of the property.
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