Unpaid tds on immovable property read more at: http://www.c
This query is : Resolved
24 December 2016
Dear All,
My Name is Sandip Sawant & i'm Indian but Non Resident in India for last 4 Years & i did't filed Income Tax Return.
I have purchased property of Rs. 75 Lakhs and till date i have paid approx Rs. 52 Lakhs slabwise payment. I did not know about TDS on immovable property & till date i didn't pay TDS on the property paid value. Recently i have received income tax notice about the unpaid TDS & 26QB is not for NRI.
So, please guid me about TDS & interest on immovable property.
Thanks & Regards
Sandip Sawant
My Name is Sandip Sawant & i'm Indian but Non Resident in India for last 4 Years & i did't filed Income Tax Return.
I have purchased property of Rs. 75 Lakhs and till date i have paid approx Rs. 52 Lakhs slabwise payment. I did not know about TDS on immovable property & till date i didn't pay TDS on the property paid value. Recently i have received income tax notice about the unpaid TDS & 26QB is not for NRI.
So, please guid me about TDS & interest on immovable property.
Thanks & Regards
Sandip Sawant
24 December 2016
Pay TDS amount of 1% along with 1% interest per month or part thereof using the challan 26 QB.
In your case the seller is resident Indian so 26QB applicable.
In your case the seller is resident Indian so 26QB applicable.
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