Tds on sale of property

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TARIQUE RIZVI (Querist)
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08 December 2015 Sale Value 7,000,000
Purchase Value 6,300,000
Profit 700,000

Tds @ 1% 70,000

How to pay TDS as I don’t have TAN

Nikhil Kaushik

Nikhil Kaushik (Expert)
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08 December 2015 TDS on purchase of property is paid against PAN of the buyer.

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CA CS Jainam Shah

CA CS Jainam Shah (Expert)
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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

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TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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09 December 2015 Dear Mr Jainam Shah I am highly thankful for the best guideline. Thank u very much and I hope in future too you will please guide me like this. Thank u once again yrs tarique rizvi Mumbai 982 1630 130