Tds on sale of imm.property

259 views 9 replies
dear expertise, can we deduct tds more than 1% on sale of immovable prty
Replies (9)
Why you want to deduct more than 1 percent, on sale of immovable property more than 50,00,000/-
Seller asking to deduct more,pzl

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

If go by seller statement accordingly any problem???sir
I think you deduct the tds more than1 %
Yes sir, any probem

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

No problem for the dept if you deduct and pay in excess. But it would be an unnecessary blockage of fund for the assessee.

Thank you all


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register