What rate of TDS is applicable if the landowner has given Form 60 instead of PAN NO (he don't have PAN NO) for sale of immovable property.
Menu
Tds applicability if form 60 given (due to no pan)
Replies (4)
Buyer will deduct TDS @ 20% (1% is seller provide PAN) u/s 194IA If sale consideration is more than 50 lakhs.
TDS is deducted at the time of payment or at the time of giving credit to the seller, whichever is earlier.
TDS is deducted at the time of payment or at the time of giving credit to the seller, whichever is earlier.
Then how can we file 26QB, for 26QB PAN NO is mandatory? We have to pay TDS in 26QB challan/Return. Plz. suggest.
PAN Number of buyer is mandatory,Not seller
For TDS payment (26QB Challan cum return) both PAN NO'S are mandatory... I am not able to pay TDS with only Buyers PAN.
Recent Topic
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
- LTCG Tax Liability even after 100% LTCG set off wi
- ITR RETURNS
- Gold Mining
- Sale of share
Related Topics
CAclubindia
