TDS on sale of property, Section 194IA
Agreement value 80 lac, agreement date – 01.04.2023
First Instalment Payment of Rs. 10 lac is to be made to builder in oct 2023
Is it mandatory to deduct TDS @ 1% u/s 194IA , or can I deduct later on when payment
Exceeds 50 lac.
In one case buyer paid various instalment to builder starting from 1.4.2019 and up to 15.10.2023 total 45 lac paid to builder without deducting TDS. If we deduct TDS now and then there will be late fee and interest. Please suggest
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