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TDS on Immovable Property, Income Tax

Issue Id: - 108971
Dated: 31-7-2015
By:- Fine Resources
TDS on Immovable Property

  • Contents

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%

Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 12-12-2015
By:- Ganeshan Kalyani

TDS is deductible from the payment to be made to the contractor and hence whatever payment you would be doing to the contractor TDS would be deductible from such payment.

2 Dated: 13-12-2015


I do not know about TDS/Income Tax. From your reply dated12.12.2015, it can be deduced that, in other words, 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 charges because it is income. Am I right ? Where I am in the wrong ?

Thanks in advance.


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