Tds under section 194 1a

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2013 I have purchased a flat and for a certain amount against Basic Sale Price, Preferred Location Charges (PLC) and Floor Premium Charges (FPC).

My question is, Should I deduct 1% TDS on PLC and FPC part as well?

What should I do, if my builder doesn't ready for deduction against PLC and FPC?

Thanks

Sumit Grover

Sumit Grover (Expert)
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08 November 2013 In my view, these charges should also be included, since these are also the part of consideration for transfer...... Since, CBDT hasn't clarified the same, so, on a safer side, it is advisable to deduct TDS on these chaarges as well, to avoid any intt/penal provisions in future...