Tds on purchase of residential property

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neha jain (Querist)
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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.?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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neha jain

neha jain (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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