Tds on sale of property
This query is : Resolved
10 February 2015
HELLO,
I HAVE QUERY ON TDS ON SALE OF FLAT, ONE MY CLIENT HAS BEEN PURCHASE OF FLAT FROM HIS FRIEND FOR RS.7300000/-.NOW IF VALUE OF PROPERTY IS ABOVE 5000000/- THEN 1% TDS SHOULD BE DEDUCT.BUT MY QUERY IS NOW HOW HE CAN PAY TDS PAYMENT AND HOW SECOND PARTY SELLER CAN GET CREDIT OF TDS AMOUNT. WHEATHER HE HAS TO DO REGISTRATION FOR TAN NUMBER FOR ONE TRANSACTION OR ANY OTHER WAY IS THERE TO SETTLE THIS.
THANKYOU.
REGARDS,
SUJEET KORI
I HAVE QUERY ON TDS ON SALE OF FLAT, ONE MY CLIENT HAS BEEN PURCHASE OF FLAT FROM HIS FRIEND FOR RS.7300000/-.NOW IF VALUE OF PROPERTY IS ABOVE 5000000/- THEN 1% TDS SHOULD BE DEDUCT.BUT MY QUERY IS NOW HOW HE CAN PAY TDS PAYMENT AND HOW SECOND PARTY SELLER CAN GET CREDIT OF TDS AMOUNT. WHEATHER HE HAS TO DO REGISTRATION FOR TAN NUMBER FOR ONE TRANSACTION OR ANY OTHER WAY IS THERE TO SETTLE THIS.
THANKYOU.
REGARDS,
SUJEET KORI
10 February 2015
SELLER WILL GET TDS CREDIT IN HIS 26AS..
NO NEED TO APPLY FOR TAN ONLY PAN REQUIRED
NO NEED TO APPLY FOR TAN ONLY PAN REQUIRED
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