1% TDS query regards property

Share
Share This Thread
  1. Uttamkc

    Uttamkc New Member

    Hello, I purchased a property in Jan 2011 value 55Lacs. I have paid 35Lacs before 1st June 2013 and the rest 20L thereafter till now. Since the sales agreement was made prior to June 2013, is this 1% TDS rule applicable in my case as the property is still under construction and not handed over to me?? If yes, do I have to pay TDS on 25Lacs paid after 1st June 2013 or the entire amount since Jan 2011 i.e. on 55Lacs?? Please explain, I have read many articles here but still confused, some say its applicable and some say not applicable.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Query Regarding Standard Deduction Income Tax Apr 10, 2018
QUERY REGARDING INCOME TAX Income Tax Apr 2, 2018
Query related to sale of property Income Tax Mar 8, 2018
Query on TDS Income Tax Feb 27, 2018
Selling a House - Furniture and TDS Query Income Tax Feb 9, 2018