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Challan 26qb

Others 357 views 4 replies

Dear Friends

X sold a property to Y for Rs. 1 crore on 10-Dec-12.

Now Y needs to deposit TDS of Rs. 1 lakh via challan 26QB.

My questions are

1 What is the last date for Y to deposit challan?

2 Does money need to be paid from Y account only or he can pay TDS using the net banking of his wife Mrs.  Y.

Regards

shivani

Replies (4)

Hi Shivani,

Answer for No.1: Within 7 days from the end of the month in which it was deducted (Because it is 10-Dec-12). But now (From 1-Jun-2016) due date is revised to 30 days from the end of the month in which TDS deducted.

Answer for No.2: He can pay from any A-Z.

one more question if property is bought on 10-Dec-18 then while filing challan, buyer needs to select which assessment year?

regards

shivani

ay 19-20.....

...
FY 1819 booking and registration done what happen when am deducted and paid in June 2019


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