Tds on property sale advance paymeny

it is mandetory to deduct tds at 1%of sale value more than 50 lacs from 1/4/22 also for the advance payment received. if advance is received before 1/4/22 and yet sale deed is not done, then was it mandetory to deposit the tds by buyer on the advance payment received, the sale deed is expected in april 2023. Also if sale deed is executed in April but the payment received in march 23, for long term capital gain which year is applicable.
Replies (1)

1. Yes, mandatory.

2. FY 2023-24, provided the possession is also given along with sale deed.

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