Tds on immovable property sec 194ia
Property purchased and MOU executed for Rs. 75 Lakhs (Conveyance not done). First Instalment of Rs. 25 Lakhs paid in February 2016. Second instalment of Rs. 26 Lakhs payable in June 2016. Should i deduct TDS @ 1% on Rs. 51 Lakh in June 2016 ??? Or My Liability to TDS arises immediately on payment of Rs. 25 lakhs, i.e, the first instalment ???
Replies (3)
tds liablility arises on 1st payment
on Rs. 25 lakhs
Ok
Thank You
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