Queries regarding 1% TDS on property

Q & A ForumCategory: Real EstateQueries regarding 1% TDS on property
Venkat R asked 7 years ago
Kindly clarify wther 1% TDS on property to be paid by the seller is for the total cost of the flat OR total cost of the flat minus registration, stampduty and service charges. Where can I get the view of the exact law which is silent on this. It says sale consideration does it mean then that registration , stamp duty are not included in it.
1 Answers
Sreekanth Staff answered 7 years ago
Hi, Yes, TDS @ 1% is on Property value (excluding the taxes & other fees). You may kindly go through this tutorial..
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