Regarding TDS on Sale of Property

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  1. Adarsh Bhaskar

    Adarsh Bhaskar New Member

    Respected Sir,

    While paying TDS on Sale of Property online by buyer, it is required to enter "Amount Paid/ Credited to Seller/ Transferor".
    Kindly guide that while entering this Amount, whether Service Tax is to be included or excluded?
    Thanks & Regards,
     
  2. ZED

    ZED Well-Known Member

    If the service tax is mentioned separately then tax deduction shall be on the amount excluding the ST.
     
  3. Adarsh Bhaskar

    Adarsh Bhaskar New Member

    Yes, I understand that. But my query is that while entering "Amount Paid/ Credited to Seller/ Transferor", whether this figure should be mentioned with or without the Service Tax being paid to the transferor . It is to clarify here that service tax has been mentioned separately which is to be paid to the transferor alongwith the basic price.
     
  4. ZED

    ZED Well-Known Member

    Enter the amount exclusive of ST.
     
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