26QB Form: TDS on sale of property

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253 Points Posted on 05 December 2021
Section 206AB, should select NO right

Seller had informed us they have filed the ITR Returns of last 2 years.
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On 05 December 2021 at 10:15 Report
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This discussion clarifies the application of Section 206AB concerning TDS on property sales when using the 26QB form. It addresses the scenario where the seller claims to have filed ITRs for the last two years but won't provide copies. The advice given is to either deduct TDS at the higher rate or verify the seller's compliance using their PAN with a TAN holder.

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SEO Sai Gr. Hosp.
212572 Points Posted on 05 December 2021

CORRECT...

 

.

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On 05 December 2021 at 18:52
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253 Points Posted on 05 December 2021
Sir, but Seller is not ready to give the ITR copies.

How do we know that the seller had filed the ITR of last 2 years
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On 05 December 2021 at 20:54
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SEO Sai Gr. Hosp.
212572 Points Posted on 06 December 2021

Either ask him for TDS deduction at higher rate, or refer the PAN no. to any TAN holder for compliance check for Section 206AB & 206CCA

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On 06 December 2021 at 10:38

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