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TCS deducted from builder payment

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72 Points Posted on 19 December 2022
if I am purchasing flat from builder having Agreement value of Rs 4450000 does I need to collect TCS from payment made to builder and paid the deducted amount by generating the challan from income tax site.pls explain the exact provision.
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On 19 December 2022 at 11:31 Report
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Practising CA
8954 Points Posted on 19 December 2022
No need for TDS TCS if agreement value and stamp duty value is under 50 lakhs
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On 19 December 2022 at 12:36


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