Tds inrespect of 26qb
This query is : Resolved
01 May 2015
sir may clients has purchase a plot of RS 5200000 as 4 intallments basis per installment 1300000 in thise what amount tds will deduct?while feeling form no 26qb to select the option installments.
02 May 2015
TDS is to be deducted on the basis of credit or payment, whichever is earlier.
.
In case possession and registration has already been made-deduct TDS on full amount.
.
If registration will be done later, you may deduct TDS on payment basis. i.e on 1300000.
.
.
In case possession and registration has already been made-deduct TDS on full amount.
.
If registration will be done later, you may deduct TDS on payment basis. i.e on 1300000.
.
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