A person buying a property on 20 oct and registry in same day ,
can he pay tds before 20 oct bcz registry can not be done before full payment of consideration .and tds is part of consideration ?
7 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 11 October 2018
Practically purchaser cannot transfer payment to Seller without DD or banker's cheque.
So, the bifurcation of TDS from payment part is arranged before registry. Similarly the payment of TDS can be adjusted before registy, be on same day!!
neha
(Others)
(420 Points)
Replied 16 October 2018
sir incase of the buyers pays ths tds fully then what to do?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 16 October 2018
No question of TDS deduction/ payment in next installment/s of the year.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 16 October 2018
No. It should be diducted by each purchasers as per ownership ratio. But ITO (TDS) may be approached for adjustment.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 16 October 2018
No. It should be deducted by each purchasers as per ownership ratio.
You may request ITO (TDS) for adjustment.
neha
(Others)
(420 Points)
Replied 16 October 2018
how to do that? as couple of local ca seem to say it doesnt matter as full amount is paid and thats wat matters
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