One of my Client Start to make & Complete payment to Promoter from FY 2012-13, 2103-14, 2014-15 & 2019-20 of Rs81Lakh (Including of Service Tax Rs2. 52 lakh) for purchase of Flat.
They taken a possession of Flat in September 2019 (Registery made on 19.09.19).
please note Buyer payment details :-Financial Year:-
2012-13- Rs45 lakh
2013-14-Rs21 Lakh
2014-15-Rs11Lakh
2019-20-Rs4 Lakh
Wheather Buyer have to pay TDS @ 1% as said value is exceeding the limit or TDS not applicable as Flat Half value paid in 2012 before applicability of law i.e. 01.06.2013
CAclubindia
