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Khushboo (article assistant)     03 May 2021

TDS rate on property purchase

TDS on purchase of property was @ 1% upto may 13, 2020 and thereafter 0.75% upto March 31, 2021.
so my query is which rate would apply while paying tds - rate prevailing on agreement date or payment date ?


 3 Replies

Sourav

Sourav (Student)     03 May 2021

Prevailing on payment date
ayusmita

ayusmita (Tax consultant)     03 May 2021

Cut tds @ .75%
Lotus Choudhary

Lotus Choudhary   03 May 2021

Rate prevaling on agreement date or purchase date whichever is earlier.

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