Tds on sale of property

P Venkata Devaraj (Project Mgr.) (54 Points)

20 March 2014  

Hi,

I have booked an apartment in a housing project. I am expected to make payment in instalments after every stage of completion as agreed earlier.

 

I have now received a request to pay an instalment on completion of 9th floor.

The cost for Flat is Rs. 5,78,728/-

And the service Tax is Rs. 29,454/-

Total amount to be paid is Rs. 6,08,177/-

 

My query is on which amount should the TDS  of 1 % be deducted ?

Whether it is on the cost of Flat of Rs. 5,78,728/- or on the Total amount including Service Tax of Rs. 6,08,177/- ?

Appreciate if you could clarify the above point.

Regards

Devaraj