Question ID : 37975

TDS ON SALE OF PROPERTY

A FLAT COSTING RS 80 L, IS PURCHASE BY TWO BUYER, SHARING 50% EACH. I WANT TO KNOW WHETHER TDS ON SALE OF PROPRETY IS REQUIRED TO BE DEDUCTED AS EACH BUYER SHARE IS LESS THAN 50 L, BUT OVERALL COST OF PROPERTY IS RS 80 L 2. A ENTERS INTO AN AGREEMNT TO BUY A FLAT OF RS 60 L WITH A BUILDER , DELIVERY OF FLAT WILL BE MADE IN NEXT TWO YEARS, AND AMOUNT IS ALSO PAYABLE BY A IN SCHEDULE WAY SPREAD OVER 18 MONTHS, I WANT TO KNOW WHEN TDS WILL BE DEDUCTED, VIZ ; WHETHER IT WILL BE DEDUCTED AT THE LAST PAYMENT DATE, OR TDS WILL BE DEDUCTED AS SCHEDULE PAYMENT IS MADE, OR IT SHOULD BE PAID IN ONE INSTANCE SAY IN 1ST PAYMENT MADE TO BUILDER

posted by pradeep kumar agrawal on Feb 13 2019 12:00AM