Income tax @1% on sale of flat
Dilip Datta Choudhury (Tax Practioner/Consultant) (84 Points)
21 June 2017Dilip Datta Choudhury (Tax Practioner/Consultant) (84 Points)
21 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193950 Points)
Replied 21 June 2017
If TDS was deducted in FY 2016-17, You have to declare the transaction in the same year. Calculate capital gains for FY2016-17, even though formalities of registration were completed in next year.
Deepak
(Professional)
(26 Points)
Replied 12 October 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193950 Points)
Replied 12 October 2018
1. Buyer
2. Regisrar would deny to register the document without TDS challan..
3. For late payment interest is levied.