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Tds

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(Querist)
23 April 2016 my friend had purchased flat for rs 50,50,000 from his friend whether tds is applicable or not for him
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Suresh Ramaswamy

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Suresh Ramaswamy (Expert)
24 April 2016 Yes your friend has to deduct TDS and deposit it with the authorities. Only the balance consideration is to be paid to the seller.

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