14 July 2014
Hi, TDS on purchase of immovable property was introduced w.e.f 01/06/2013. My question is if the agreement for purchase is executed in July 2009 and the payments are slabwise to the builder will the purchaser be liable to deduct TDS because the payments are still being made post June 2013 ??? If yes on what amount ?? only the amounts paid after June 2013 or on the amounts paid since July 2009 ???