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TDS on Immovable property

Sanjay (Service)     17 February 2020

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Year 2014: Apartment booked with builder on Construction Linked Payment Plan.

Consideration Amount of Property on Agreement = 49 Lacs. TDS not paid on any installment as consideration value is less than 50 lacs.


Year 2020: Possession of apartment offered.

Builder sends final invoice with increased super floor area, New Consideration Amount = 52 Lacs.


Will TDS be applicable now? Is it to be paid on only 52-50 = 2 lacs or on complete 52 lacs.

Is any penalty / interest applicable in TDS.


Spurto Consultancy Services (Consultant)     17 February 2020

Spurto Consultancy Services
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The TDS have to be paid on the entire consideration of Rs. 52 Lacs. 

Interest shall be applicable on the late payment of TDS. 


Chhatra Singh Dugar   17 February 2020

Chhatra Singh Dugar

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TDS is required to be deducted and to be paid along with interest.

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