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TDS ON immovable property
when will the buyer deduct tax . before registration . what will the proof for TDS to the seller. can he pay by 26 QB. and show the same.
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TDS will be deducted simultaneously at the time of payment of consideration. Buyer can pay online through 26B. TDS certificate in form 16A can be downloaded after a week's time from tax payment and given it to the seller. This TDS will appear in 26AS of both buyer and seller.
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