TDS on immovable property
This query is : Resolved
08 April 2016
I bought a flat having value of 51 lacs which includes 2 lacs of service tax Do I have to deduct tds.
08 April 2016
As the value of the property exceeds 50 lacs you have to deduct TDS but TDS applicable on 49 lacs only if service tax is shown separately.
08 April 2016
If sale consideration shown 50 lakhs and above tds to be deducted.
02 May 2016
I think following article will be helpful to you:
http://taxguru.in/income-tax/notices-related-tds-immovable-property-purchase.html
If you find it helpful Give your score by clicking on " Thank user"
http://taxguru.in/income-tax/notices-related-tds-immovable-property-purchase.html
If you find it helpful Give your score by clicking on " Thank user"
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Darpan registration
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
