Installments paid after Introduction of TDS on Property

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  1. saigal

    saigal New Member

    TDS on property Tax. All installments were before June 2013, the last installment was in Jan. 2015. So TDS on property will have to paid on the last installment?
     
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    TDS on Property is deducted at the time of payment. It is deducted @1% of the amount paid.

    In your case, TDS @ 1% would be liable to be deducted on the amount of installment paid after 1st June 2013.

    Refer: http://www.charteredclub.com/tds-on-property/
     
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