Share
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string(860) "Hi Nitin,
Convincing seller was very easy. I had send him the internet link to be aware of this change. The seller then confirmed with his CA & was convienced.
So I payed him 99% & remaing 1% was deducted. Also there are ways that seller can adjust this TDS in his total earning during tax payment.
[QUOTE=nitinsarna;978935]Thanks Propertyfan for sharing the details on the forum.
I have a query, as you have deducted TDS while doing all the settlement with the buyer. Did seller shown any objection in the same as the seller is receiving less amount because of the total amount you are paying 99% only and less 1% as TDS. Suppose he paid builder 20 lac but you are paying 1.80 lac and rest 20k you are depositing as TDS.
so how you have convinced the seller about the procedure and how he got convinced. Your reply will really help us.
Thanks[/QUOTE]"
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Convincing seller was very easy. I had send him the internet link to be aware of this change. The seller then confirmed with his CA & was convienced.
So I payed him 99% & remaing 1% was deducted. Also there are ways that seller can adjust this TDS in his total earning during tax payment.
Originally posted by nitinsarna
View Post
Thanks Propertyfan for sharing the details on the forum.
I have a query, as you have deducted TDS while doing all the settlement with the buyer. Did seller shown any objection in the same as the seller is receiving less amount because of the total amount you are paying 99% only and less 1% as TDS. Suppose he paid builder 20 lac but you are paying 1.80 lac and rest 20k you are depositing as TDS.
so how you have convinced the seller about the procedure and how he got convinced. Your reply will really help us.
Thanks
I have a query, as you have deducted TDS while doing all the settlement with the buyer. Did seller shown any objection in the same as the seller is receiving less amount because of the total amount you are paying 99% only and less 1% as TDS. Suppose he paid builder 20 lac but you are paying 1.80 lac and rest 20k you are depositing as TDS.
so how you have convinced the seller about the procedure and how he got convinced. Your reply will really help us.
Thanks
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