Tds on immovable property
This query is : Resolved
14 January 2014
WHO IS RESPONSIBLE FOR SUBMIT THE 26QB IF I SOLD MY IMMOVABLE PROPERTY.
14 January 2014
the buyer is responsible for deduction of 1% tax, deposit of the same through Form 26QB and issuance of Form 16B...
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14 January 2014
Buyer is liable and responsible to file the form 26QB for deducting TDS and depositing the same amount within the due date I.e within 7 days of next month. in case there is any delay in filing of TDS return then buyer is also liable for interest and Fees.
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14 January 2014
chandan there is no fees here..only interest is applicable..
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