Tds on immovable property
This query is : Resolved
15 May 2014
Dear Friends
Please tell me one of my client purchased land 31-3-14 for Rs. 71,00,000. but didn`t deducted any TDS on purchase of immovable prop.
My client`s income is from other sources only Rs. 300,000 P.A. and never audited earlier year.
He purchased this land out of loan received from others.
Does he liable to deduct TDS.
Please tell me one of my client purchased land 31-3-14 for Rs. 71,00,000. but didn`t deducted any TDS on purchase of immovable prop.
My client`s income is from other sources only Rs. 300,000 P.A. and never audited earlier year.
He purchased this land out of loan received from others.
Does he liable to deduct TDS.
15 May 2014
Yes he is liable for tds:-
vISIT THE FOLLOWING LINK:-
http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=17140
vISIT THE FOLLOWING LINK:-
http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=17140
26 May 2014
if i purchased property from three vendor then how many form 26QB to be file.
07 June 2014
My client purchased a property in march 2014 but he didn`t deduct TDS & paid to 70,00,000 to the seller.
Now seller is ready to pay TDS amount to my client. I want to know penalty of interest would be 1% or 1.5%.
Now seller is ready to pay TDS amount to my client. I want to know penalty of interest would be 1% or 1.5%.
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