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 11 months ago in Property Tax from Bangalore, Karnataka

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