Tds on purchase of property
This query is : Resolved
24 October 2018
My friend is purchasing property from a builder. The payment is to be made at the completion of each stage in instalments. The builder generates invoice at the completion of each stage but my friend makes payment as per his convenience. My friend does not account for the invoice. Is my friend required to deduct and pay TDS at the time when the Invoice is generated or at the time of making payment. Kindly suggest.
24 October 2018
Please see section 194-IA (1) and (2).
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