Tds on property purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2014
My query is that if someone has paid booking amt. on aug 2013 and balance amount in Sep,Oct & Nov in diff installment.So, is it require to fill different 26QB for each installment. But buyer has deducted TDS from last installment.
02 January 2014
As per Section 194-IA TDS is required to be deducted at the time of credit or payment, whichever is earlier.
Accordingly TDS is required to be deducted at the time of each payment.
Since you have deducted TDS only from the last installment, only one Form 26QB will be filed.
Accordingly TDS is required to be deducted at the time of each payment.
Since you have deducted TDS only from the last installment, only one Form 26QB will be filed.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- TDS Challan Code
- SGST balance is there in credit ledger how to adjust for cgst
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
