Tds on purchase of residential property
This query is : Resolved
22 January 2016
IF THE PERSON WHO IS PURCHASING RESIDATIAL PROPERTY EXCEEDING Rs 500000/- AND THAT TIME WHAT RATE OF TDS TO BE DEDUCTED AT WHAT TIME.
AND WHAT IF THE PERSON DOESN'T HAVE TAN NO.?
AND WHAT IF THE PERSON DOESN'T HAVE TAN NO.?
22 January 2016
TDS applicable at 1% on property purchase exceeding 50 lacs u/s 194IA. No TAN No. is required. TDS to be deducted at the time of payment.
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22 January 2016
then how to file return if no tan no is there?means how to make payment and all process like other tds return.
and the rate is same of every assesee?
and the rate is same of every assesee?
22 January 2016
While making payment all the details are to be furnished, use form 26QB for remittance of TDS no separate return need be furnished. The rate is same for all assessees except non resident.
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22 January 2016
Form 26QB is a challan cum statement to be filed online. No need to file any other return for 194IA.
Form 26QB is a challan cum statement to be filed online. No need to file any other return for 194IA.
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