Ketan Lathia (CA Practice ) (125 Points)
29 August 2016If total Consideration of flat is above Rs 50L then when does the liability to deduct and pay tds @ 1% starts?
From the very 1st payment or when our payment exceeds Rs 50L.
Kalki Vital Narayanam
(CA Final Student)
(121 Points)
Replied 29 August 2016
If payment is made in installments then it shall be deducted at each installment and deposited after each one.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
