Help regards 1% property tds

Udgam Koomar (Tax Technologist) (1949 Points)

21 April 2016  

Hello, I purchased a property in Jan 2011 value 55Lacs. I have paid 35Lacs before 1st June 2013 and the rest 20L thereafter till now. Since the sales agreement was made prior to June 2013, is this 1% TDS rule applicable in my case?? If yes, do I have to pay TDS on 25Lacs paid after 1st June 2013 or the entire amount since Jan 2011 i.e. on 55Lacs?? Please explan, I have read many articles here but still confused, some say its applicable and some say not applicable.