Tds on 26qb

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Dear Sir,

I am deducting tax against purchase of properties on 26QB, if the seller was Pvt Ltd. Companies and purchaser was Individual than tax will be deducted under INCOME TAX ON COMPANIES (0020)  & INCOME TAX OTHER THAN COMPANIES (0021) please confirm me.

Thanks

Replies (2)

IN FORM 26QB which required to file u/s 194-IA :

    0020 is for corporate payer.

    0021 is for a non-corporate payer.

since you are individual you are a non-corporate payer , you should select 0021.

Dear Ankit Jee,

Thanks for your reply

 

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