Tds on sale of imm.property
ASHOK KUMAR (MANAGER ACCOUNTS) (187 Points)
03 August 2021
dear expertise, can we deduct tds more than 1% on sale of immovable prty
9 Replies
Mahesh Shah
(2335 Points)
Replied 03 August 2021
Why you want to deduct more than 1 percent, on sale of immovable property more than 50,00,000/-
ASHOK KUMAR
(MANAGER ACCOUNTS)
(187 Points)
Replied 03 August 2021
If go by seller statement accordingly any problem???sir
Shankar Rugge
(376 Points)
Replied 04 August 2021
Only in case of NRI seller you can deduct more as per provision.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 04 August 2021
No problem for the dept if you deduct and pay in excess. But it would be an unnecessary blockage of fund for the assessee.
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