Online Copyright Registration in India

Protect your creative work
Books, Songs, film, websites, Software, painting, fashion Design etc
Call now: 09891244487

Ask Our legal Experts, on issues related to Divorce

File Mutual Consent divorce right away

Call at ph no: 9650499965
Search On:Laws in IndiaLawyers Search

To Appeal before CIC - Central Information Commission
For Filing and Hearing contact: Choudhury's law Office
Ph no: 9873628941

Author Topic: Tax Deduction at source (TDS) applicability on property  (Read 495 times)

0 Members and 1 Guest are viewing this topic.

Offline manupam257

  • Newlaw
  • *
  • Posts: 1
  • Karma: +0/-0
  • Welcome to legal Service India - law forum for free legal Information
    • View Profile
Tax Deduction at source (TDS) applicability on property
« on: October 02, 2015, 09:49:50 AM »
Dear All ,

Request you all to guide me on the on the following doubts;

I understand that TDS deduction of 1% on property value is the responsibility of the transferee if the total consideration price  of the immovable property is more than or equal to 50 lakhs of rupees.
What is the definition of '' consideration price'' on this regard , whether the deal amount of the property which the purchaser pay to the seller or the market value or circle rate as determined by the government for the purpose of stamp duty and registration fees determination therefrom.

Case-1 : If the Market value is higher than INR 50 lakhs but the '' actual agreement or payment to seller/ owner is less than 50 lakhs- what will be applicability of TDS deduction.

Case-2:
If the Market value is less than INR 50 lakhs but the '' actual agreement or payment to seller/ owner is higher  than 50 lakhs- what will be applicability of TDS deduction.


Offline adv.amarnath

  • Veteran at Law
  • *****
  • Posts: 1244
  • Karma: +52/-7
  • Advocate Amarnath Sanyal from Kolkata, West Bengal
    • View Profile
Re: Tax Deduction at source (TDS) applicability on property
« Reply #1 on: October 02, 2015, 10:31:51 AM »
Please consult with a Tax lawyer.... You have wrongly posted in wrong column
Regards,

Amarnath Sanyal
Advocate
Email - adv.amarnath.sanyal@gmail.com
Mob - 09830303322

 

File a Consumer Complaint
Property verification
Call: 9873628941
 

Lawyers in India - Listed city wise Mumbai
Bangalore
Pune
Pondicherry
Jaipur
lawyers in London
lawyers in Birmingham
Chennai
Allahabad
Ahmedabad
Jodhpur
Indore
lawyers in Toronto
lawyers in Sydney

Cochin
Lucknow
Ranchi
Thane
Janjgir
lawyers in Milan
Johannesburg

Delhi - New Delhi
Chandigarh
Surat
Nashik
lawyers in New York
los Angeles
Kolkata
Hyderabad
Rajkot
Nagpur
lawyers in Dhaka
lawyers in Dubai

Copyright Registration

Ph no: 9891244487

For Mutual consent Divorce in Delhi - Ph no: 9650499965

Home | Bare Acts | Law Forms | Supreme Court Judgments | Legal Advice | Lawyers | Submit article | Sitemap | Contact Us

legal Service India.com is Copyrighted under the Registrar of Copyright Act ( Govt of India) 2000-2016
Get Free legal Advice here from top notch lawyers in India