Payment of tax on sale of immovable property
This query is : Resolved
15 June 2013
namaskar ji,
as per recent amendment sec 194i states that on sale of property of 50 lacs or more,the seller has to deduct tax @ 1% and deposit it elecctronically.
now my question is that are there any counters provided in the banks for depositing tax electronically or we have to deposit the tax online by our personal accounts electronically.
as per recent amendment sec 194i states that on sale of property of 50 lacs or more,the seller has to deduct tax @ 1% and deposit it elecctronically.
now my question is that are there any counters provided in the banks for depositing tax electronically or we have to deposit the tax online by our personal accounts electronically.
15 June 2013
yes you can pay challan in cash directly to bank. through challan cum statement no 26QB
15 June 2013
ok that means its not a compulsion to electronic transfer tax from a net banking a/c of an individual or a company or firm .
and if we deposit it through challan cum statement no.26qb it would be deemed to be deposited electronically.
is it so?
thanks
and if we deposit it through challan cum statement no.26qb it would be deemed to be deposited electronically.
is it so?
thanks
15 June 2013
yes, for sure
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