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
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
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Hema Yashwanth & Associates
Chennai
B.Com
View Details
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
