Tds on sale of property
This query is : Resolved
08 December 2015
Sale Value of Property Rs 7,00,000/-
Purchase value Rs 63,00,000/-
Profit Rs 7,00,000/=
Some one has told me that the Tds @ 1% Rs 70,000 shall be cut down on account of TDS but how to pay TDS as I dont have TAN Please guide me and oblgie
Purchase value Rs 63,00,000/-
Profit Rs 7,00,000/=
Some one has told me that the Tds @ 1% Rs 70,000 shall be cut down on account of TDS but how to pay TDS as I dont have TAN Please guide me and oblgie
08 December 2015
The buyer need not require TAN. 1% tax to deduct by the buyer. Challan cum statement (form 26QB) has to be e-filed by the buyer.
09 December 2015
Yes you have to deduct and pay TDS @ 1% of total consideration. You need not required to have TAN for payment of TDS. You should go to following link and fill the form 26QB.
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
If you find any query there then you can contact me @ca.jainam@gmail.com
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
If you find any query there then you can contact me @ca.jainam@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
