If agreement is Rs. 65 L which we have to pay within next two years as per schedule mentioned in agreement. In this regards, can we deduct one time TDS on entire agreement value i.e 1% of 65 L while making first payment? say, Rs. 500000/- Less TDS Rs. 65000/-
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Tds on sale of property
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yes, TDS must be deducted at the time of Credit to any account whatsoever it may be called or payment whichever is earlier...
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