Payment of purchase consideration of flat to builders

hetalsangoi (Querist) 11 August 2012 This query is : Resolved
when buyer of flat making payment towards purchase consideration of flat to builders, is it require to deduct tax and then make to payment?
if yes from which date is it applicable?

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Guest (Expert) 12 August 2012
TDS is not applicable for a purchase of flat. No need to deduct TDS if the pruchaser is buying the flat for himself or his use.

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