What is procedure for creating a release deed?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160692 Points)
Replied 23 March 2018

My Pleasure.....

MURALIDOSS (INCOME TAX PRACTITIONER) (1302 Points)
Replied 25 March 2018

sir,

PURCHASER NOT COLLECT AND PAY TAX 1% FOR THE ABOVE TRANSACTION, CAN WE PAY NOW AS ADVANCE TAX 20000/- ? BECAUSE THE TRANSACTION IN CURRENT PERIOD NOVEMBER 2017 ONLY.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160692 Points)
Replied 25 March 2018

First try to convince purchase to pay TDS liabilities with interest..........

Then calculate your advance tax liability based on total capital gains...... it may be more than just 20K

MURALIDOSS (INCOME TAX PRACTITIONER) (1302 Points)
Replied 25 March 2018

BALANCE AMOUNT WE GOING TO PAY WHATEVER AS PER THE CAPITAL GAIN INCOME SIR, PRESENTLY THE PURCHASER NOT COLLECT THE AMOUNT FROM THEM AND PAY AS TCS/TDS. SOME OF THE OTHER BENEFICIERIES IN THIS 5 PERSONS PAID THEIRSELVES ALSO AS ADVANCE TAX OF THEIR PORTION SIR, AS I TOLD ABOVE 17.50 LAKHS SINGLE PORTION. THEY PAID ADVANCE TAX FOR AS.YEAR 2018-19 AMOUNTING RS.20000/-

THATS WHY TRY TO REDUCE THE BURDEN MAY WE PAY THE SAME AMOUNT AS A.T?

PLEASE ADVISE .