Hi,
I have booked an apartment in a housing project. I am expected to make payment in instalments after every stage of completion as agreed earlier.
I have now received a request to pay an instalment on completion of 9th floor.
The cost for Flat is Rs. 5,78,728/-
And the service Tax is Rs. 29,454/-
Total amount to be paid is Rs. 6,08,177/-
My query is on which amount should the TDS of 1 % be deducted ?
Whether it is on the cost of Flat of Rs. 5,78,728/- or on the Total amount including Service Tax of Rs. 6,08,177/- ?
Appreciate if you could clarify the above point.
Regards
Devaraj
CAclubindia
