cyril jose 13 March 2021

Tds on property

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Quick Summary

This discussion clarifies whether it's mandatory to record Tax Deducted at Source (TDS) in the sale deed for property transactions exceeding fifty lakh pounds. It is essential to include this information to prevent the buyer from facing future income tax liabilities for non-deducted or unrecorded TDS, which could be considered tax evasion.

3 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 13 March 2021

PLEASEEEEE refrain from posting junk & spamming this Legal Forum.

cyril jose 13 March 2021

I DONT KNOW WHY THE WORDINGS CAME THAT WAY...MAYBE BECAUSE I AM TYPING FROM MOBILE...

I WAS ASKING WHETHER IT IS COMPULSORY TO NOTE DOWN TDS DEDUCTED IN SALE DEED OF PROPERTY( IN CASE THE PROPERTY IS MORE THAN FIFTY LAKH)

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 14 March 2021

YES .... ELSE during futursitic Income Tax calculations, the buyer shall become liable for payment of the non-deducted or non-shown TDS (which would amount to evasion).

Keep Smiling .... Hemant Agarwal
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