194 i a - tds on property - challan query

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2013 AT THE TIME OF payment TDS UNDER 194IA WHICH type of tax applicable IN CHALLAN COMPANY OR NON COMPANY. 0020 or 0021.

If buyer & seller both are non co.

If buyer is company & seller is non-co.

if buyer is non-co & seller is company.

CA Parul Saxena

CA Parul Saxena (Expert)

29 October 2013 Non company is to be marked.

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2013 thank u very much sir.

non company is marked for all option ?

CA Parul Saxena

CA Parul Saxena (Expert)

29 October 2013 yes non company is to be marked.

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2013 thank you very much.

Nikhil Kaushik

Nikhil Kaushik (Expert)

29 October 2013 In case the company is the buyer, then 0020 is to be selected.

Please refer: https://www.caclubindia.com/forum/form-26qb-major-head-269334.asp#.Um-miFOKK9g

https://www.moneylife.in/article/tds-payment-on-property-and-how-to-obtain-form-16b-and-26qb/34276.html

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

31 October 2013 Yes select on non company option.

Nikhil Kaushik

Nikhil Kaushik (Expert)

31 October 2013 Dear All,

For your information and records, the selection of code shall be on the basis of constitution of the payer.

If the payer is a company then the code shall be 0020.

In case of other entities it shall be 0021.

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2013 thank you very much.

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