13 November 2024
Hi, This question is w.r.t Final payment of TDS for property sale. This is for 2 buyer and 1 seller. Below is about 80% share of 1 seller.
Total Value of Consideration (Property Value) - 81,04,500 INR
Total amount paid/ credited in previous installments, if any (A) - 61,59,420 INR Amount paid/credited currently (B) - 3,24,180 INR Total stamp duty value of the property (C) - 64,83,600
Amount on which TDS to be deducted (D) is directly getting calculated at - 64,83,600 INR.
Ideally, since it is last installment, amount on which TDS to be deducted needs to be visible as 3,24,180 INR. However, it is showing 64,83,600.
Kindly help and update what needs to be filled in A, B & C so that I pay TDS of 1% on 3,24,180 INR only.