TDS on property

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Lakshay (Querist)
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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

CA R SEETHARAMAN (Expert)
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13 September 2016 No other compliance required except filing of ITR in case of earning taxable income.

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Lakshay

Lakshay (Querist)
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16 September 2016 Thnku sir but is it necessary to download Form 16B also?? plz help

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 September 2016 Not required, tax credit will be available in 26AS.

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Lakshay

Lakshay (Querist)
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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

CA R SEETHARAMAN (Expert)
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17 September 2016 Yes they are right....................

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Lakshay

Lakshay (Querist)
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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

CA R SEETHARAMAN (Expert)
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17 September 2016 Will not make any difference.

Lakshay

Lakshay (Querist)
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17 September 2016 Thnku sir..:)

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