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form 26as
I bought a piece of property in FY 17-18 worth more than 30 lacs but it is not reflecting in my form 26as in AIR section whether is it not reported to ITR or what. please comments
Replies (3)
Reflection of any high value transaction of FY 2017-18 will be only after processing of SFT reports of designated agencies. So, wait ... It will get reflected ...
If you bought the property you have to make the payment to the seller so while making the payment(Consideration) you have to deduct the TDS and you have to deposit the same in seller's PAN account by using form 26 QB.
The seller will get the credit of TDS
So, the seller will get the credit of the TDS amount. The amount what you have deposited will come on his 26 AS
The seller will get the credit of TDS
So, the seller will get the credit of the TDS amount. The amount what you have deposited will come on his 26 AS
TDS will only to be deducted if consideration is more than 50 lacs which is not the case for me
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