limn limn (Taxpayer) (28 Points)
27 March 2024I am an individual (Buyer) buying a flat from a Company (Seller). When I try to fill up the form 26QB, i see the portal is auto selecting the major head as "Corporation Tax (0020)".
Builder document says it should be "0021". Is there a bug on the income tax portal or the selection is OK?
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 28 March 2024
In challan 280, 0021 is for corporate tax payers. 0020 is for non corporates
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 28 March 2024
Sorry it's the other way round. 0021 is for non corporates
limn limn
(Taxpayer)
(28 Points)
Replied 29 March 2024
So what should be the value in this case? Is there a bug in the system?
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 30 March 2024
Form 26QB: TDS on Purchase of Property - Learn by Quicko WHICH SCREEN DO YOU GET THAT MESSAGE? Cross verify if your on the same direction
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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