Tds of 26qb
This query is : Resolved
28 April 2016
e.g
1) i am going to purchase 51,00,000/-Flat in Mumbai ... and it is under construction . i am paying it in installment , so i want to know every installment i have to deduct TDS. OR at time of registration..
2) i am paying service tax and vat amount separately to the builder .. so i want to know i have to pay TDS on it
1) i am going to purchase 51,00,000/-Flat in Mumbai ... and it is under construction . i am paying it in installment , so i want to know every installment i have to deduct TDS. OR at time of registration..
2) i am paying service tax and vat amount separately to the builder .. so i want to know i have to pay TDS on it
28 April 2016
Mr. Maaz,
us you'll have to pay tds whenever you pay installments. you'll have to pay tds on amount excluding service tax.
Message likes :
1 times
29 April 2016
TDS on property is required to be deposited with income tax authorities within 7 days from end of month in which TDS was deducted. If payment is made in installments then it shall be deducted at each installment and deposited after each one.
On a reasonable interpretation of the section, Service tax and VAT should not be considered as part of consideration and tax thereon should not be deducted.
On a reasonable interpretation of the section, Service tax and VAT should not be considered as part of consideration and tax thereon should not be deducted.
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- 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
Trending Online Classes
CAclubindia
