Hello All,
I have recently sold my flat, the sale consideration of the property exceeds 50L. Buyer of flat has given entire amount to me and he did not cut the TDS amount.
Is it okay if I pay TDS(26QB) on his behalf?
Hello All,
I have recently sold my flat, the sale consideration of the property exceeds 50L. Buyer of flat has given entire amount to me and he did not cut the TDS amount.
Is it okay if I pay TDS(26QB) on his behalf?
Yes, it can be done.
Otherwise, you will need to give him proof of the assessment (i.e. the deal offered to tax) of the capital gains paid, by way of CA certificate.
Yes, you can pay the TDS (Tax Deducted at Source) on behalf of the buyer of your flat through Form 26QB.
Thank you all for your inputs,
I am the only 1 seller, in agreement for sale as a buyer there are names of both husband and wife I hope this is considered as only 1 buyer.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
