08 April 2016
sir, I was a tenant in one property and i had surrendered my tenancy rights against new block which i got on ownership basis, market value of my new block is seventy seven lakhs, but as i have supported redevelopment by surrendering my tenancy rights, i had to pay thirty one lakhs for reconstructed block. am i suppose to deduct tds of seller even if i have paid thirty one lakhs, as consideration of block.
09 April 2016
sir what is the meaning of sale consideration
i HAVE PAID STAMP DUTY AS PER MARKET VALUE OF RS. 77 LAKHS. I HAVE PAID VAT @ 1% ON RS. 77 LAKHS. I HAVE PAID SERVICE TAX ON RS 31 LAKHS. AM I SUPPOSE TO COLLECT TCS ON BEHALF OF SELLER, IF YES @ WHAT % SHOULD I COLLECT IT & ON WHICH AMOUNT 77 lAKHS OR 31 LAKHS ( pLS. NOTE THAT I GOT NEWLY CONSTRUCTED FLAT AT LOWER RATE BECAUSE OF SURRENDERING MY TENANCY RIGHTS.
CAclubindia
