Tds on sale of property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 What is the procedure to file online tds for sale of property and how to pay the tds amount.how to fill form 26qb(I'm not sure about it)

Nikhil Kaushik

Nikhil Kaushik (Expert)
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26 June 2014 please refer http://reviewofweb.com/how-to/fill-26qb-and-download-16b-form-traces/

Rupesh Jain

Rupesh Jain (Expert)
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26 June 2014 PLS CHECK www.moneylife.in › Economy & Nation › Taxation

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Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2014 see in my case there are two buyers and one seller.so here i have to fill two forms in the name of buyers? im confused about this and further seller is a company and buyer is a individual so exactly what head i have to choose 1.income tax on companies or 2.income tax other than companies

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2014 value of property is 70 lakhs on this 1% tds is 70000 so value of property we have to divide and put and tds amount too.i was planning to pay the tds amount from only one account only so confused

Nikhil Kaushik

Nikhil Kaushik (Expert)
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26 June 2014 1. you need to fill 2 separate form 26QB

2. the TDS is to be deposited under Income tax other than companies

3. you need to bifurcate the amount...dont pay through one pan only