Immovable property TDS
This query is : Resolved
12 April 2021
Purchased 5 properties below Rs. 50 Lakhs each from same seller. Now the query is, will we deducted TDS from aggregate figure which is in excess of Rs. 50 Lakhs?
12 April 2021
TDS to be deducted if value property purchased exceeds 50 Lakhs.
if there are actually 5 properties and all valuing below 50 lakhs individually then no TDS to be deducted.
but documentary evidence of all these purchases should be available in case Department questions.
if there are actually 5 properties and all valuing below 50 lakhs individually then no TDS to be deducted.
but documentary evidence of all these purchases should be available in case Department questions.
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13 April 2021
Thank you... transaction are in actual and all five sale agreements are already executed.
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