1% tds limit
I booked a flat in 2012 whose consideration is more than 49 lakh including all types of PLCs etc. In letter, builder mentioned all applicable govt taxes would be paid extra. If service tax is included total cost of flat crosses 50Lakh.
I paid 9 lakh before June 2013 and 30 lakh after June 2013 and remaining amount will be paid progressively.
Please clarify limit of 50 lakh for deducting 1%TDS and paying to govt is including service tax or excluding service tax.
Ph: 98712 79059
Asked 2 years ago in Property Tax from Ghaziabad, Uttar Pradesh