Tds

SURESH (accounts dept) (60 Points)

18 May 2015  

Question is :-Is there any tds deduction applicable in transfer fee of property. the breakup of payment is as follows.

TRANSFER FEE before registration of property (APPLICATION MONEY +  UNIT VALUE + PARKING = TOTAL AMOUNT) 3% TRANSFER FEE + 12.36% SERVICE CHARGE  =  RS. 5,31,936/- + 65,747/- = RS. 5,97,683/- .