TaxTMI 
TaxTMI 
TDS on Immovable Property
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....DS on Immovable Property<br> Query (Issue) Started By: - Fine Resources Dated:- 31-7-2015 Last Reply Date:- 13-12-2015 Income Tax<br>Got 2 Replies<br>Income Tax<br>Proposed purchase of Office Premises....
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....: 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....
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.... 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 co....
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....ntractor 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 wo....
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....rds, 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 charg....
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....es because it is income. Am I right ? Where I am in the wrong ? Thanks in advance.<br> Discussion Forum - Knowledge Sharing ....