Tds of 26qb
This query is : Resolved
28 April 2016
e.g
1) i am going to purchase 51,00,000/-Flat in Mumbai ... and it is under construction . i am paying it in installment , so i want to know every installment i have to deduct TDS. OR at time of registration..
2) i am paying service tax and vat amount separately to the builder .. so i want to know i have to pay TDS on it
1) i am going to purchase 51,00,000/-Flat in Mumbai ... and it is under construction . i am paying it in installment , so i want to know every installment i have to deduct TDS. OR at time of registration..
2) i am paying service tax and vat amount separately to the builder .. so i want to know i have to pay TDS on it
28 April 2016
Mr. Maaz,
us you'll have to pay tds whenever you pay installments. you'll have to pay tds on amount excluding service tax.
Message likes :
1 times
29 April 2016
TDS on property is required to be deposited with income tax authorities within 7 days from end of month in which TDS was deducted. If payment is made in installments then it shall be deducted at each installment and deposited after each one.
On a reasonable interpretation of the section, Service tax and VAT should not be considered as part of consideration and tax thereon should not be deducted.
On a reasonable interpretation of the section, Service tax and VAT should not be considered as part of consideration and tax thereon should not be deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- Regarding ITR filing with more value than showing in AIS/TIS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
