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Devanahalli
Created by the House of Hiranandani, the Devanahalli project is located close to the Bengaluru international airport and comprises of world-class villas. Dehavanalli also boasts of an upcoming 400 acre multi-billion dollar business park, an aerospace park, a science park, a Rs. 1000 crore financial city and UD $ 22 billion, 12000 acre (49 sq. km.) BIAL IT investment region, the largest IT region in India. The total infrastructure development in the area is estimated to be well over US $ 30 billion over the next two years. With significant commercial and residential development in the area, real estate is in high demand in the region. Read More These luxury properties in Bengaluru are surrounded by acres of lush greenery and plenty of recreational space. The well-planned Devanahalli residential project brings together the elements of deluxe living with well-appointed club house, sports stadium, clubs, nature trails, parks and more. The House of Hiranandani, Devanahalli is a completely integrated luxury property that comprises of luxury villas, cottages as well as premium 2 to 3 BHK apartments. The sprawling villas and apartments in Devanahalli are wrapped in greenery and have large open spaces. Splendid porches and vast outdoor spaces are the highlights of villas for sale in Bengaluru. The villas in Devanahalli are a blend of traditional and contemporary designs, and appeal to the taste of the modern generation.
 
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Disclaimer: The layout details, amenities and facilities mentioned / shown are subject to changes / relocation within the composite development / are subject to modification, amendment, changes and revocable, without any notice, at the discretion of the Developer.
Information on TDS

The Finance Act, 2013 introduced a new section 194IA, which mandates tax withholding of 1 percent (1%) by the transferee (i.e. Buyer) on credits or payments (whichever is earlier) made to a transferor (i.e. seller) in relation to the transfer of immovable property, being land (other than agriculture land) or a building or part of the building, if the consideration for such a transfer of property is Rs 50 lacs or more. The said section is effective from 1st June, 2013.

In light of the above, the buyer is required under Section 194 IA of the Income Tax Act, 1961, to deduct the withholding tax of 1 percent (1%) in respect of credits or payments made to the seller, whichever is earlier, from 1st June, 2013 and deposit the same with the statutory authorities and produce the copy of the challan to the seller for its records. The credit of the amount so deposited would be given to the buyer only when the seller has ensured that the tax so paid has been correctly reflected in 26AS Statement of the Company.

For the PAN number of your seller, and in this case, the Company through which a contract for transfer of immovable property has been entered into, please contact your relationship manager, or customer service agent.

To know more about the Section 194 IA of Income Tax Act 1961, and to pay the tax through e-payments, please follow the link mentioned below which will help educate you on the process and steps to be followed to make tax payments online.

http://www.slideshare.net/swetasingh89/e-tutorial-tds-on-property-22598141
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