Tds on total sale price or individual amounts

Pratmit85 (Querist) 13 October 2017 This query is : Resolved
I am an NRI living in Germany and would like to purchase a flat in Kolkata worth more than 50 lacs. I would like to pay the total purchase amount in 3 parts - 1st one as the token-amount, second one after the agreement signing and the final part at the day of registration. All of these is intended to be carried out within a max. 2 months' duration. Do I have to pay 1% TDS on each of these amounts separately (that is 3 times) or can I simply pay on the entire amount after the agreement signing?

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Rajendra K Goyal (Expert) 13 October 2017
You should deduct and deposit the TDS on each payment as and when paid.

Kumar Doab (Expert) 13 October 2017
Dear LCI Querist @ Mr. Prateek Mustafi,

You can benefit from the advise of Mr. Rajendra K Goyal.

Kumar Doab (Expert) 13 October 2017
Your other query at another thread has been addressed.

http://www.lawyersclubindia.com/experts/details.asp?mod_id=658776

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