Tds on immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2014
My Company purchase one property amounting to Rs.1.47cr and company make the payment of this amount in three parts without any agreement.
Date amount
1.10.2013 50 lacs
3.11.2013 50 lacs
10.12.2013 balance
in above all payments company has deducted TDS @1%.now while i am depositing these TDS through 26QB, it is asking for Date of agreement/Booking. so can you please guide me, what date should put over in it and also please tell me the meaning of Date of booking for TDS on property.
Date amount
1.10.2013 50 lacs
3.11.2013 50 lacs
10.12.2013 balance
in above all payments company has deducted TDS @1%.now while i am depositing these TDS through 26QB, it is asking for Date of agreement/Booking. so can you please guide me, what date should put over in it and also please tell me the meaning of Date of booking for TDS on property.
20 February 2014
You have to enter into an agreement and as the payment was made on 1.10.2013 it cannot be on verbal assurance and stamp duty has to be paid on it. So the day on which stamp duty is paid and registration is done then the property is transferred. So put the date of first payment.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- Putting a heading on received mail
- TDS on TRUST
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
