15 June 2013
Sec 194 IA and Budget 2013 wef 1.6.2013 I am the buyer purchasing prop valued Rs.60L as per sale deed . Home loan was availed for Rs.48 L and balance of Rs.12L out of my savings. Rs.10 L paid in April 2013 by cheque and Rs.2 L paid on 30.5.2013 and Rs.48 L on 31.5.2013 ( home loan disb ) , both by Bankers cheques, mentioned in sale deed also. I could register the sale deed with Registrar office only on 3rd June Since full payments were made on or before 31.5.13, is the TDS of 1% applicable in this case? I have not paid the same till date.
CAclubindia
