ASHOK KUMAR (MANAGER ACCOUNTS) 03 August 2021

Tds on sale of imm.property

dear expertise, can we deduct tds more than 1% on sale of immovable prty

Mahesh Shah 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) 03 August 2021

Seller asking to deduct more,pzl

Mahesh Shah 03 August 2021

So, one should go by act or statement of seller??

ASHOK KUMAR (MANAGER ACCOUNTS) 03 August 2021

If go by seller statement accordingly any problem???sir

Deepak Kumar 04 August 2021

I think you deduct the tds more than1 %

ASHOK KUMAR (MANAGER ACCOUNTS) 04 August 2021

Yes sir, any probem

Shankar Rugge 04 August 2021

Only in case of NRI seller you can deduct more as per provision.

CMA Poornima Madhava (CMA) 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.

ASHOK KUMAR (MANAGER ACCOUNTS) 04 August 2021

Thank you all