I am planning to sell a residential real estate(house) in 2013 more than 50 lakhs value in India. In order to avoid the new Budget law: TDS 1% tax on the Transaction value (Sale Price) how many many months I have in my hand. What is the last date in the Year 2013 before I need to sell my house to avoid the new 1% TDS ? Please explain experts.
Who pays the 1% TDS ? (buyer or seller)