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Is the TDS Paid Valid If I Pay it in January and Sale Deed is Executed in April?

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0 2024-03-29T14:08:15+00:00
In the context of a property sale, the sale deed is a legal document that transfers ownership of the property from the seller to the buyer. The sale deed is executed when all terms of the sale agreement are fulfilled, including the payment of the sale consideration. TDS payment made in January for a transaction with a sale deed executed in April is generally valid if it aligns with the timing of income accrual/payment as per the provisions of the Income Tax Act. However, it's essential to ensure compliance with TDS provisions and maintain proper documentation for transparency and accountability. Get Assistance on Tax Payment with NoBroker Legal Services  

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