Tds on purchase of property

 FROM JUNE  1st 2013, WHEN A BUYER BUYS IMMOVABLE PROPERTY  (i.e. a building or part of a building or any land other than agricultural land) COSTING MORE THAN RS 50 LAKHS HE HAS TO DEDUCT TDS WHEN HE PAYS THE SELLER . THIS HAS BEEN LAID OUT IN SECTION  SECTION 194-IA OF THE INCOME TAX ACT 

Agree with above

In this case, the land is registered and construction is yet to happen. As per the builder's auditor, the land is the immovable property and construction is not.We understand the changes based on 2013 rules.However, the provision is debatable. Hence, require some guidance based on similar cases /instances.

it will depend upon what bill u received for this payment and what mention in it if it for purchase for inmovable properity then u

require to deduct tds as per  section 194-IA for tds rule is due or payment whichever earlier (u have to paid tds ) so if the payment

is first then tds has to be deducted