Tcs applicability on advnce paid for residential property

Gunapalan Periasamy (9 Points)

09 August 2024  

Sir,  husband and wife having seperate incom are buying a residential aprtment jointly for around 60 lakhs. They are paying an advance of 20 lakhs , each 10 lakhs and entering into an agreement with the seller. Do they need to deduct TCS on the advance payment?