Hi Vinu..there are certain aspects which are not cleared...Some are waiting for clarity on these aspects of this proposal while the regulator body is completely against this proposal
The developers will also suffer with this step.They may also face administrative issues as they have to claim the TDS in return of income with thousands of TDS certificates collected.
Hi Varun and Sam,,i have one question..suppose i have booked an unreconstructed flat over Rs 50 lakh before April 1, 2013. who will deduct tax, the buyer or the bank ? It is because the my payment is made directly by the bank.
Hi Sandeep..I don't think so they are happy..i recently read that. CREDASI is seeking withdrawal of the budget proposal to impose 1 % tax deduction at source (TDS) on any property deal other than agriculture land completely.