TDS on payments made to seller

As per Income tax law, TDS @ 1% has to be deducted by the purchaser on total consideration value while making payments to seller either in instalments or Lumpsum.

My question is Does total consideration value includes Taxes like GST? Does TDS need to be deducted on GST component as well?

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1 Answer(s)

TDS is not required on TAX Portion . In case of buying property you need to deduct on the amount as per Agreement on which you pay stamp duty.

Regards

TaxIQ Answered on March 5, 2018.
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