New rules that have come into effect from Sep1, 2019
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TDS on purchase of immovable property
Club membership fee, car parking, electricity, water facility, maintenance and advance amount will be included in the cost of property, while calculating the tax to be deducted at the time of making payment for a property. A buyer will be required to deduct TDS at the rate of 1 per cent of purchase price while buying an immovable property of more than Rs 50 lakh.