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Open Forum about Mahagun Mywoods Phase II, Greater Noida

[ Under Construction ]

Plot No-GH-04, Sector-16C, Noida Extension, Greater Noida, Uttar Pradesh, INDIA.

Mahagun Mywoods Phase II, Greater Noida [ Under Construction ]

Plot No-GH-04, Sector-16C, Noida Extension, Greater Noida, Uttar Pradesh, INDIA.

APARTMENTs

14 BLOCKS , 21 FLOORS
Price:
36.23L to 84.86L
Unit Details:
500 to 1000 units
2, 3, 4 BHK
935 - 2190 SQFT
Locality:
Possession:
From Dec 2018

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Project Last Updated on : 6 Sep 2017

Mahagun Mywoods Phase II Public Forum

Q: Incase of no deductions with eralier payemnts , can the buyer deduct 1% from the last installments . Is there a penalty for TDS not done for earlier payements
Latest Answer: Hi, under Income Tax Act, if you make a payment towards purchase of immovable property for an amount of Rs. 5000000 or more than you have to deduct TDS @1%. Hence, in your case even if the property is under construction you are essentially making payment towards purchase of property. So, you will have to deduct TDS on the payment.
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