Tds on sale of property
This query is : Resolved
TARIQUE RIZVI
(Querist)
08 December 2015
Sale Value 7,000,000
Purchase Value 6,300,000
Profit 700,000
Tds @ 1% 70,000
How to pay TDS as I don’t have TAN
Purchase Value 6,300,000
Profit 700,000
Tds @ 1% 70,000
How to pay TDS as I don’t have TAN
Nikhil Kaushik
(Expert)
08 December 2015
TDS on purchase of property is paid against PAN of the buyer.
Message likes :
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CA CS Jainam Shah
(Expert)
09 December 2015
Yes you have to deduct and pay TDS @ 1% of total consideration. You need not required to have TAN for payment of TDS. You should go to following link and fill the form 26QB.
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
If you find any query there then you can contact me @ca.jainam@gmail.com
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
If you find any query there then you can contact me @ca.jainam@gmail.com
Message likes :
2 times
TARIQUE RIZVI
(Querist)
09 December 2015
Dear Mr Jainam Shah I am highly thankful for the best guideline. Thank u very much and I hope in future too you will please guide me like this. Thank u once again yrs tarique rizvi Mumbai 982 1630 130
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