TDS payment concern on Land Purchase

[milan bamal]

Dear Team,

We Purchased land of 1.25 Crore

We paid 1st payment on 01-04-2025 -55 Lac

2nd payment on 15-05-2025-55 Lac

3rd payment on 12-06-2025(Final Payment)-13.75 Lac

So we deducted TDS @1% =1.25 lac on 1.25 Cr at the time of final payment and deposited them.

on 25-06-2025

is It correct

or we should have deposited TDS at the time of each payment.

AI Summary

TDS on land purchase: whether withholding must be deposited on each instalment or may be made on the final payment. Buyer paid 1.25 crore for land in three instalments (55 lakh, 55 lakh, 13.75 lakh) and deducted 1% TDS on the aggregate consideration, depositing it after the final payment. The core issue is whether deducting and depositing TDS once at final payment on the full consideration satisfies the withholding obligation, or whether TDS should have been deducted and deposited at each instalment.