Tds on sale of property

Deepak Tapse (Accounts Manager - Taxation)   (1771 Points)

26 December 2014  

If agreement is Rs. 65 L which we have to pay within next two years as per schedule mentioned in agreement. In this regards, can we deduct one time TDS on entire agreement value i.e 1% of 65 L while making first payment? say, Rs. 500000/-  Less TDS Rs. 65000/-