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Major head 0021 or 0021 in form 26qb

TDS 25336 views 1 replies
In Form no 26 QB, major head 0020 income tax on companies or 0021 income tax other than companies is to be filled as per status of Deductor / buyer.
that means if buyer is individual,than Major Head 0021 income tax other than companies is to be selected even seller/ deductee is company.
 
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Quick Summary
In Form 26QB, major head depends on buyer status. Use 0021 for individuals and non companies, even if seller is a company. Selection is based on deductor, not deductee.

I bought a prop @ 56,00,000/-.in financial year 2014-25 .Didnn,t know about the TDS to be deducted hence not deducted the TDS . Now I want to Submit the TDS with interest using form26QB . Which fin year I shoul select ? Property purchase fin-year or current fin year in which I am deducting TDS and filing the TDS.

 

 


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