I bought an appartment with 80% loan. My 20% share is already paid. I have not done TDS. How do i pay the TDS now?
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TDS for buying appartment
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If apartment value is more than Rs 50 lakh then have to deduct 1% of the price of the property before paying the seller. That 1% TDS u/s 194IA has to be deposited with the tax department using Form 26QB. ... TDS has to be calculated on the total sale price and not the amount exceeding Rs 50 lakh.
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