Purchased property from NRI value of 1.2 crore. below are my queries
1. TDS to be deducted u/s 195 and the rate of tax is 20% ??
2. TDS deductor should compulsorily have TAN number??
3. How to remitt the TDS deducted??
4. Procedure of filing the return after deduction of tax.
requesting to resolve the above queries
thanks in advance
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TDS on NRI
Replies (4)
Quick Summary
1.TDS u/s 195 @ 20%
2. TAN number is compulsory.
3. TDS deduction should be made under tds offline utility and it should be shown on 26AS.
4. Return should be filed under offline utility
2. TAN number is compulsory.
3. TDS deduction should be made under tds offline utility and it should be shown on 26AS.
4. Return should be filed under offline utility
Thanks for the reply.
query no. 1 and 2 clarified no. 3 and 4 can you please brief.
query no. 1 and 2 clarified no. 3 and 4 can you please brief.
File tds return through tds offline utility within due date
Usually we file 26QB for property purchase but in this case seller is NRI so we have to file 26Q or 27EQ please suggest and once again thanks for the response
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