Dear Experts,
I entered into an agreement to buy a property worth 1.4 crore in January 2012. It was a constructions linked plan (Wherein I was paying time by time till date). By June 2013 I had already paid 30 Lac of it to the developer and the rest 1.1 Crore I paid in installments after June 2013 till date. Please confirm me do I need to deposit TDS and generate form 26QS ? if yes please confirm should I deduct TDS on total 1.4 Crore or should I deduct on balance of 1.1 crore @ 1%.
Thanks a lot in advance..
CAclubindia
