Tds on demand notes for and under construction property

I have purchased a Flat in Bangalore costing more than 50L and its under construction. I heard from a friend that I should be deducting 1% TDS from the demand notes I am getting from the builder, otherwise I will face some fines. Is that true? Can you please share some details around it?
Asked 2 months ago in Property Tax from Bangalore, Karnataka

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Chartered Accountants

Sample CA 1
CA, New Delhi
0 Answers
Not rated