TDS on property
This query is : Open
13 September 2016
Hello sir...I have filed the Form 26 qb along with payment of TDS deducted on sale of property.. Do I require the any other compliance in respect of sale of property..?
CA R SEETHARAMAN
(Expert)
13 September 2016
No other compliance required except filing of ITR in case of earning taxable income.
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16 September 2016
Thnku sir but is it necessary to download Form 16B also??
plz help
CA R SEETHARAMAN
(Expert)
17 September 2016
Not required, tax credit will be available in 26AS.
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17 September 2016
Thnx for the reply sir ...i called up traces portal and they told me that Penalty for non submission of Form 16B is applicable only if the complaint is recd from the seller of the property..???
CA R SEETHARAMAN
(Expert)
17 September 2016
Yes they are right....................
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17 September 2016
Thnx sir and will it make any difference since I had today only downloaded the Form16B from the portal itself..?
CA R SEETHARAMAN
(Expert)
17 September 2016
Will not make any difference.
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