Hi Experts
With the introduction of new TDS to be paid by buyer from 1st of Jun onwards, I need clarification on the TDS related content we need to put in the Sale Deed. The property I am planning to purchase is for Rs. 68,00,000 and the TDS will be Rs. 68000. I have paid the advance the Rs. 6,00,000.
So do we need to mention the TDS amount in the Sale Deed e.g.
The purchasers have paid the remaining sale consideration amount RS. 68,00,000 (Sixty Eight Lakhs Only) to the Vendors as follows.
(i). Rs.6,00,000/- (Six Lakh Rupees) through Demand draft
bearing No…………………………….dated …………………….drawn upon ……………………Bank in favor of the First Vendor.
(ii) Rs. 67,32,000(Sixty Seven Lakh Thirty Two Thousand Rupees Only) through Demand Draft bearing No. …………………… dated ……….. of …………………… Bank payable at …………………….
(iii) Rs. 68,000 (Sixty Eight Thousand Only) Deducted towards TDS payable by buyer as per Section 194IA.
OR
The purchasers have paid the remaining sale consideration amount RS. 67,32,000 (Sixty One Lakh Thirty Two Thousand Rupees Only) to the Vendors as follows.
(i). Rs.6,00,000/- (Six Lakh Rupees) through Demand draft
bearing No…………………………….dated …………………….drawn upon ……………………Bank in favor of the First Vendor.
(ii) Rs. 61,32,000(Sixty One Lakh Thirty Two Thousan Rupees Only) through Demand Draft bearing No. …………………… dated ……….. of …………………… Bank payable at …………………….
<<< no mention of TDS >>>
OR
is there any other format we need to follow?
