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TDS ON SALE OF PROPERT
My question is iam going to pay tds on sale of property for fy 2019-20 tds rate taken 0.75% in absence of 1 % automatic, my agreement date 30.04.3019 now what is solution?
Replies (2)
You will liable to deduct TDS u/s 194 IA @ 1% of the consideration . Here for TDS purpose SDV is immaterial. Where fails to deduct TDS in whole or in part the provision of Sec.201 and 271C will attract for interest and penalty.
But sir in portal taken only 0.75 % tds rate ,no option in other rate
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