I HAVE QUERY ON TDS ON SALE OF FLAT, ONE MY CLIENT HAS BEEN PURCHASE OF FLAT FROM HIS FRIEND FOR RS.7300000/-.NOW IF VALUE OF PROPERTY IS ABOVE 5000000/- THEN 1% TDS SHOULD BE DEDUCT.BUT MY QUERY IS NOW HOW HE CAN PAY TDS PAYMENT AND HOW SECOND PARTY SELLER CAN GET CREDIT OF TDS AMOUNT. WHEATHER HE HAS TO DO REGISTRATION FOR TAN NUMBER FOR ONE TRANSACTION OR ANY OTHER WAY IS THERE TO SETTLE THIS.
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