Tds on under construction property

TDS 685 views 1 replies

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?

Replies (1)

1% AS PER AGREEMENT VALUE.

If agreement includes these charges, TDS liabilities arise over these too.


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