Proposed purchase of Office Premises:
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 on which amount we have to deduct TDS @ 1%
Clarification on TDS Deduction: Apply 1% on contractor payments, excluding stamp duty, fees, taxes, and deposits. A forum discussion addresses the deduction of Tax Deducted at Source (TDS) on a proposed office premises purchase valued at 10,238,000. A user inquires about the correct amount for TDS deduction at 1%. One response clarifies that TDS should be deducted from payments made to the contractor, excluding stamp duty, registration fees, service tax, VAT, and security deposit. Another participant seeks confirmation, suggesting TDS should apply to maintenance charges as they constitute income, while other charges are exempt. (AI Summary)
TaxTMI 
TaxTMI 
