Tds on purchase of immovable property
ravi jain
(Querist) 02 July 2015
This query is : Open
I have booked a flat in an underconstruction property. The agreement is drafted in the following manner
First payment for unit is to be made in installments including VAT and Service
Tax.
Thereafter the builder will collect other charges just before handing over the possession of the property such as legal charges, society charges,non refundable deposits for water and electricty meters.
However the same is included in the agreement.
My query is that on what amount should I deduct TDS and under what section.i.e shall i deduct TDS purely on unit cost of property or the entire amount paid including other charges.
Pls give some reference if possible asap.
Thnk u
