TDS u/s 195 (Agreement date & Registration date)

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Assessee purchase property from NR with below details:-

Agreement Date- 25.12.2021

Sale Consideration- 5500000

Advance payment- 2100000 (23.12.2021)(TDS not deducted)

Registration - May 2022

Balance payment- 3400000 (Yet to be released) (Lower rateTDS)

Qustion- TDS U/s 195 to be deducted in which FY & on what amount ?

 

Replies (2)
TDS to be deducted on 23.12.2021 on Rs. 21 lakhs. Next TDS to be deducted while making payment of Rs. 34 lakhs.
Since it is covered by Section 195 , you must deduct tax on each payment

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