Shivani (Learner) (1881 Points)
31 December 2018Dear Friends
X sold a property to Y for Rs. 1 crore on 10-Dec-12.
Now Y needs to deposit TDS of Rs. 1 lakh via challan 26QB.
My questions are
1 What is the last date for Y to deposit challan?
2 Does money need to be paid from Y account only or he can pay TDS using the net banking of his wife Mrs. Y.
Regards
shivani
Mahesh Bingi
(Tax return preparer)
(462 Points)
Replied 31 December 2018
Hi Shivani,
Answer for No.1: Within 7 days from the end of the month in which it was deducted (Because it is 10-Dec-12). But now (From 1-Jun-2016) due date is revised to 30 days from the end of the month in which TDS deducted.
Answer for No.2: He can pay from any A-Z.
Shivani
(Learner)
(1881 Points)
Replied 01 January 2019
one more question if property is bought on 10-Dec-18 then while filing challan, buyer needs to select which assessment year?
regards
shivani
Uppunooti Naresh
(STUDENT)
(60 Points)
Replied 23 November 2019
CAclubindia
