Dear Sir
I have booked an under construction flats costing more than Rs 50 lacs.
It includes Rs BSP + PARKING charges + PLC+ Int.free Security Deposit + lease rent + external & internal dev charges etc
Pl guide me as to whether
- 1% TDS is to be deducted on BSP ONLY or total cost including all other charges as detailed above?
1% AS PER AGREEMENT VALUE.
If agreement includes these charges, TDS liabilities arise over these too.
Abic and Mani Chartered Accountants
Kottayam
B.Com
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S.B.G. & CO. CHARTERED ACCOUNTANTS
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AJAY SINGH AND CO LLP
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Varma Raja & Associates
Thrissur
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CCI
Pro
CAclubindia
