TDS payment concern on Land Purchase

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....DS payment concern on Land Purchase<br> Query (Issue) Started By: - milan bamal Dated:- 27-6-2025 Last Reply Date:- 9-5-2026 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Team, We Purchased land ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he 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. Reply By FCA Adv amit aggarwal: The Reply: TDS u/s 1....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....94-IA is on higher of: • actual sale consideration, or • stamp duty value. TDS @1% was required to be deducted at the time of each payment/credit, whichever was earlier. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... and mandatory to deposit on or before 7th day of next month, otherwise interest will charged by deptt through issuing a notice. TDS will be deposited every time of installment received not at the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... time of last installment your actual payments total: 55,00,000 + 55,00,000 + 13,75,000 = 1,23,75,000 So actual consideration appears to be Rs. 1,23,75,000, not Rs. 1.25 crore.<br> Discussion....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Forum - Knowledge Sharing ....