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tds related queriy
I am trying to buy an apartment from a person. He purchased an under-construction apartment from builder. Now the apartment is ready to occupy. The apartment is not registered in the name of first buyer... I am buying this apartment and would like to know the TDS related requirements and what documents are required to decide on this...
Replies (3)
If u purchase a apartment for value more than 50 lakhs, u have to deduct TDS @ 1%
Tds required to deduct at the time of payment @ 1% if consideration exceed rupees 50 lakh
good clarification and information
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