TDS on Immovable Property

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..... TDS on Immovable Property
Query (Issue) Started By: - Fine Resources Dated:- 31-7-2015 Last Reply Date:- 13-12-2015 Income Tax
Got 2 Replies
Income Tax
Proposed purchase of Office Premise .....

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..... s: Agreement Value : 90,00,000 Stamp Duty : 540000 Registration Fee : 30000 Service Tax 378000 Vat : 90000 Security Deposit - 100000 Maintenance - 100000 Total Value 10238000 Kindly suggest o .....

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..... n which amount we have to deduct TDS @ 1% Reply By Ganeshan Kalyani: The Reply: TDS is deductible from the payment to be made to the contractor and hence whatever payment you would be doing to the c .....

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..... ontractor TDS would be deductible from such payment. Reply By KASTURI SETHI: The Reply: Sir, I do not know about TDS/Income Tax. From your reply dated12.12.2015, it can be deduced that, in other w .....

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..... ords, no TDS can be deducted on stamp duty, registration fee, Service Tax,(TDS is part of taxable value on which service tax payable), Vat/ security deposit. and TDS is to deducted on maintenance char .....

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..... ges because it is income. Am I right ? Where I am in the wrong ? Thanks in advance.
Discussion Forum - Knowledge Sharing .....

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