29 November 2014
if one person has given power to sell his property to another person say agent but agent is not getting commision then another person (agent) has received money from sale of house and returned to that person without deducting tds there in case another person also should deduct tds 1% or only purchaser should deduct 1% tds
29 November 2014
only the purchaser shall have to deduct tds and then remit only the bal sale considertaion to seller
Querist :
Anonymous
Querist :
Anonymous
(Querist)
29 November 2014
but sir seller is not selling his property directly he has given power to another person say builder and builder is selling to other person other person has deducted tds @ 1% so no need to deduct tds 1% by builder am i correct .....
29 November 2014
yes but law is clear then agent has to get a certficate from the buyer for tds deduction in name of seller......
Querist :
Anonymous
Querist :
Anonymous
(Querist)
29 November 2014
is certificate requirement is as per law procedure..... and sir purchaser will file form 26QB i think den seller name automatically will appear
Querist :
Anonymous
Querist :
Anonymous
(Querist)
29 November 2014
after filing of form 26QB. certificate from purchaser in the name of seller still required
29 November 2014
buy deduct the tds in sale proceeds exceed rs. 50 lcas.
agent also doing the work on behalf of the owner. so but will deduct the tds.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
01 December 2014
but rupesh sir why agent will deduct tds, only 1 property sold out how can we deduct tds 2 times. Tds transcation is between buyer and seller...