TCS deducted from builder payment
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.
Replies (1)
No need for TDS TCS if agreement value and stamp duty value is under 50 lakhs
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
