Tds on sale consideration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2012
SIR, ONE OF MY RESIDENT CLIENT,INTENDS TO PURCHASE THE HOUSE PROPERTY FOR THE VALUE OF Rs.1.5 CRORE,IS MY CLIENT DUTY BOUND TO DEDUCT THE TAX (TDS) FROM THE SALE CONSIDERATION?
PL CLARIFY
PL CLARIFY
26 June 2012
The provision requiring buyer to deduct TDS at the time of purchase of property has been dropped and has NOT been made applicable.
Accordingly, the buyer is NOT required to deduct TDS.
Accordingly, the buyer is NOT required to deduct TDS.
26 June 2012
NO TDS IS DEDUCTED ON SALE CONSIDERATION.
26 June 2012
yes I am agree With Praveen Singh.
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