RAKESH KUMAR BEHERA (STUDENT) (185 Points)
06 October 2016
Rahul Shah
(Assistant Chartered Accountant)
(196 Points)
Replied 06 October 2016
From June 1st 2013, when a buyer buys immovable property (i.e. a building or part of a building or any land other than agricultural land) costing more than Rs 50lakhs, he has to deduct TDS when he pays the seller. This has been laid out in Section 194-IA of the Income Tax Act.
Rahul Shah
(Assistant Chartered Accountant)
(196 Points)
Replied 06 October 2016
26Q is form under which TDS on other than salary is to recoreded. & for TDs on House property is to be filed in form 26QB
RAKESH KUMAR BEHERA
(STUDENT)
(185 Points)
Replied 06 October 2016
Rahul Shah
(Assistant Chartered Accountant)
(196 Points)
Replied 06 October 2016
you dont need to file 26QB because your property value is less than 50 lac
RAKESH KUMAR BEHERA
(STUDENT)
(185 Points)
Replied 06 October 2016
Rahim
(Businessperson)
(460 Points)
Replied 07 October 2016
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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