TDS ON UNDER CONSTRUCTION PROPERTY

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  1. Dilip Sanghavi

    Dilip Sanghavi New Member

    Dear fellow professional,

    Greetings!

    I have a property under construction. It was purchased in Feb 2010. Construction was on hold since February 2013.

    I have paid 65% so far. When construction resumes, instalments will commence.

    Do I need to deduct tax on entire value of the property including all payments starting 2010?

    Many thanks.

    Regards,
    Dilip
     
  2. Manoj Mehra

    Manoj Mehra Active Member

    You are only required to deduct TDS on the payments made after 1st June 2013
     
  3. Dilip Sanghavi

    Dilip Sanghavi New Member

    Many thanks, Manoj.
     
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