Tds on booking of application form

Vivek Jarial (Student) (272 Points)

30 September 2015  


I am filing a application form for booking a commerical land worth Rs. 5 Crore on draw basic and we are paying Rs. 50 Lakh as booking ammount till the draw could not be done. Does we need to deduct the TDS on 50 Lakh.

Pls clearfy.