TDS on property in case of 2 separate agreements

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  1. Vijay_1985

    Vijay_1985 New Member

    Hi I have recently bought a flat which cost 75 lacs (33lacs UDS land value and 42 lacs construction agreement). As construction agreement has registered separately, do i have to pay TDS as the land value doesn't exceed 50 lacs else do i have to take into account that the whole flat value as such. If i take the complete falt value then i have to pay 75000. But i don't know about TDS on property and already paid complete amount to builder. If i pay now then do i have to pay interest from the time i released my first payment?
    Thank you
  2. rudrabose

    rudrabose Active Member

    As the value of land does not exceed Rs. 50 Lakhs, therefore TDS would not be applicable in this case
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