Common use of TDS Clause in Contracts

TDS. If applicable, the tax deductable at source (TDS) under the Income Tax laws shall be deducted by the Allottee(s) on the consideration payable to the Promoter and the same shall be deposited by the Allottee to the concerned authority within the time period stipulated under law and the Allottee(s) shall provide proper certificate thereof to the Promoter within 60 (sixty) days of such deduction. If such deposit of TDS is not made by the Allottee(s) to the concerned authority or proper certificate thereof is not provided to the Promoter, then the same shall be treated as default on the part of the Allottee under this agreement and the amount thereof shall be treated as outstanding. The Total Consideration of the said Apartment, Total GST and Total Extras and Deposits as mentioned in Clause 1.2.1, 1.2.2 and 1.2.3 is escalation- free, save and except increases which the Allottee(s) hereby agrees to pay due to increase on account of development charges payable to the competent authority and/or any other increase in charges which may be levied or imposed by the competent authority from time to time. The Promoter undertakes and agrees that while raising a demand on the Allottee(s) for increase in development charges, costs/charges imposed by the competent authorities, the Promoter shall enclose the said notification/order/rule/ regulation to that effect along with the demand letter being issued to the Allottee(s), which shall only be applicable on subsequent payments. Provided That if there is any new imposition or increase of any development charges after the expiry of the scheduled date of completion of the Project as per registration with the Authority, which shall include the extension of registration, if any, granted to the said Project by the Authority as per the Act, the same shall not be charged from the Allottee(s). (i) If prior to execution of the conveyance, the Allottee(s) nominates its/their apartment unto and in favor of any other person or persons in its/their place and stead, the Allotee(s) may do so with the permission of the Promoter subject to payment of nomination charge of Rs. /- (Rupees (i ) The Allottee(s) agree(s) and understand(s) that all the standard fitting, interiors, furniture and fixtures provided and dimension of the show/model commercial Unit exhibited at the site only provides a representative idea and the actual Apartment agreed to be constructed may not include the fittings and fixtures of the model unit and even if such fittings and fixtures are provided they may vary as to make, colour, shade, shape and appearance from the ones provided in the model Apartment and the Allottee(s) shall not be entitled to raise any claim for such variation. The Allottee(s) shall make the payment as per the payment plan set out in The Promoter may allow, in its sole discretion, a rebate for early payments of installments payable by the Allottee(s) by discounting such early payments for the period by which the respective installment has been preponed. The rate of discount shall be decided by the promoter and that shall be binding upon the Allottee(s). The Provision for allowing rebate and such rate of rebate shall not be subject to any revision/withdrawal, once granted to an Allottee(s) by the Promoter. It is agreed that the Promoter shall not make any additions and alterations in the sanctioned plans, layout plans and specifications and the nature of fixtures, fittings and amenities described herein at Second Schedule, Part II (which shall be in conformity with the advertisement, prospectus etc. on the basis of which sale is effected) in respect of the Apartment without the previous written consent of the Allottee(s) as per the provisions of the Act. Provided That the Promoter may make such minor additions or alterations as may be required by the Allottee(s), or such minor changes or alterations in accordance with the provisions of the Act. The Promoter shall take prior approval of the Allottee for extra charges, if any, as may be applicable for such addition- alteration.

TDS. If applicable, the tax deductable deduction at source (TDS) under the Income Tax laws shall be deducted by the Allottee(s) on the consideration payable to the Promoter and the same shall be deposited by the Allottee to the concerned authority within the time period stipulated under law and the Allottee(s) shall provide proper certificate evidence thereof to the Promoter within 60 (sixty) days of such deduction. If such deposit of TDS is not made by the Allottee(s) to the concerned authority or proper certificate evidence thereof is not provided to the Promoter, then the same shall be treated as default on the part of the Allottee under this agreement and the amount thereof shall be treated as outstanding. The Total Consideration consideration of the said Apartment, Total GST Taxes and the Total Extras and Deposits as mentioned in Clause 1.2.1, 1.2.2 and 1.2.3 is escalation- 1.2.3is escalation-free, save and except andexcept increases which the Allottee(s) Allottee hereby agrees to pay due to increase on account of development charges payable to the competent authority and/or any other increase in charges which may be levied or imposed by the competent authority from time to time. The Promoter undertakes and agrees that while raising a demand on the Allottee(s) Allottee for increase in development charges, costscost/charges imposed by the competent authorities, the Promoter shall enclose the said notification/order/rule/ regulation to that effect along with the demand letter being issued to the Allottee(s)Allottee, which shall only be applicable on subsequent payments. Provided That that if there is any new imposition or increase of any development charges after the expiry of the scheduled date of completion of the Project as per registration with the Authority, which shall include the extension of registration, if any, granted to the said Project by the Authority as per the Act, the same thesame shall not be charged from the Allottee(s). (i) If prior to execution of the conveyance, the Allottee(s) nominates its/their apartment unto and in favor of any other person or persons in its/their place and stead, the Allotee(s) may do so with the permission of the Promoter subject to payment of nomination charge of Rs. /- (Rupees (i ) The Allottee(s) agree(s) and understand(s) that all the standard fitting, interiors, furniture and fixtures provided and dimension of the show/model commercial Unit exhibited at the site only provides a representative idea and the actual Apartment agreed to be constructed may not include the fittings and fixtures of the model unit and even if such fittings and fixtures are provided they may vary as to make, colour, shade, shape and appearance from the ones provided in the model Apartment and the Allottee(s) shall not be entitled to raise any claim for such variationAllottee. The Allottee(s) shall make the payment as per the payment plan set out in The Promoter may allow, in its sole discretion, a rebate for early payments of installments payable by the Allottee(s) by discounting such early payments for the period by which the respective installment has been preponed. The rate of discount shall be decided by the promoter and that shall be binding upon the Allottee(sSchedule [C] ("Payment Plan"). The Provision for allowing rebate and such rate of rebate shall not be subject to any revision/withdrawal, once granted to an Allottee(s) by the Promoter. It is agreed that the Promoter shall not make any additions and alterations in the sanctioned plans, layout plans and specifications and the nature of fixtures, fittings and amenities described herein at Second Schedule, Part II Schedule [D] (which shall be shallbe in conformity with the advertisement, prospectus etc. on the basis of which sale is effected) in respect of the Apartment Apartment, or Building, as the case may be, without the previous written consent of the Allottee(s) Allottee as per the provisions of the Act. : Provided That that the Promoter may make such minor additions or alterations as may be required by the Allottee(s)Allottee, or such minor changes or alterations in accordance with as per the provisions of the ofthe Act. The Promoter shall take prior approval confirm to the net area that has been allotted to the Allottee after the construction of the Allottee for extra chargesBuilding is complete and the occupancy certificate is granted by the competent authority, by furnishing details of the changes, if any, in the net area. The Total consideration of Apartment, Total Taxes and the Total Extras and Deposits as may be applicable for such addition- alteration.mentioned in Clause 1.2.1,

TDS. If applicable, the applicable tax deductable deduction at source (TDS) under the Income Tax laws shall be is deducted by the Allottee(s) Allottee on the consideration Consideration for Residential Unit payable to the Promoter and Promoter, the same shall be deposited by the Allottee to the concerned authority within the time period stipulated under law and the Allottee(s) Allottee shall provide proper certificate evidence thereof to the Promoter within 60 (sixty) days of such deduction. If such deposit of TDS is not made by the Allottee(s) Allottee to the concerned authority or proper certificate evidence thereof is not provided to the Promoter, then the same shall be treated as default on the part of the Allottee under this agreement these presents and the amount thereof shall be treated as outstanding. . 1.3.1 The Total Consideration of the said Apartment, Total GST and Total Extras and Deposits as mentioned in Clause 1.2.1, 1.2.2 and 1.2.3 Price is escalation- escalation-free, save and except increases which the Allottee(s) Allottee hereby agrees to pay due to increase on account of development charges payable to the competent authority and/or any other increase in charges which may be levied or imposed by the competent authority from time to time. The Promoter undertakes and agrees that while raising a demand on the Allottee(s) Allottee for increase in development charges, costscost/charges imposed by the competent authorities, the Promoter shall enclose the said notification/order/rule/ regulation to that effect along with the demand letter being issued to the Allottee(s)Allottee, which shall only be applicable on subsequent payments. Provided That that if there is any new imposition or increase of any development charges after the expiry of the scheduled date of completion of the Project as per registration with the Authority, which shall include the extension of registration, if any, granted to the said Project by the Authority as per the Act, the same shall not be charged from the Allottee(s)Allottee. (i) If prior to execution of the conveyance, the Allottee(s) nominates its/their apartment unto and in favor of any other person or persons in its/their place and stead, the Allotee(s) may do so with the permission of the Promoter subject to payment of nomination charge of Rs. /- (Rupees (i ) The Allottee(s) agree(s) and understand(s) that all the standard fitting, interiors, furniture and fixtures provided and dimension of the show/model commercial Unit exhibited at the site only provides a representative idea and the actual Apartment agreed to be constructed may not include the fittings and fixtures of the model unit and even if such fittings and fixtures are provided they may vary as to make, colour, shade, shape and appearance from the ones provided in the model Apartment and the Allottee(s) shall not be entitled to raise any claim for such variation. The Allottee(s) shall make the payment as per the payment plan set out in The Promoter may allow, in its sole discretion, a rebate for early payments of installments payable by the Allottee(s) by discounting such early payments for the period by which the respective installment has been preponed. The rate of discount shall be decided by the promoter and that shall be binding upon the Allottee(s). The Provision for allowing rebate and such rate of rebate shall not be subject to any revision/withdrawal, once granted to an Allottee(s) by the Promoter. It is agreed that the Promoter shall not make any additions and alterations in the sanctioned plans, layout plans and specifications and the nature of fixtures, fittings and amenities described herein at Second Schedule, Part II (which shall be in conformity with the advertisement, prospectus etc. on the basis of which sale is effected) in respect of the Apartment without the previous written consent of the Allottee(s) as per the provisions of the Act. Provided That the Promoter may make such minor additions or alterations as may be required by the Allottee(s), or such minor changes or alterations in accordance with the provisions of the Act. The Promoter shall take prior approval of the Allottee for extra charges, if any, as may be applicable for such addition- alteration.