section 194IA When a buyer buys immovable property (i.e. a building or part of a building or any land other than agricultural land) costing more than Rs 50 lakhs, he has to deduct tax at source (TDS) at 1% of the total sale amount, when he pays the seller. If the payment is made by instalments, then TDS has to be deducted on each instalment paid. Buyer of the property need not obtain a TAN (Tax Deduction Account Number) for depositing TDS with the government. You can make the payment using your PAN. For the purpose of depositing TDS, buyer will have to obtain the PAN of the seller, else TDS must be deducted at 20%. #jaishreeram #incometax #itr #gst #charteredaccountant #financeupdates #latestupdate #finance #tax #accounts #news #financenews #taxes #delhinews #tds #propertytax #taxrefund #refund #itrefund #sharemarket #instadaily #mutualfunds #investment #ipo #gstregistration #gstduedates #gstr1 #194i #immovableproperty #26qb
Due date for generation and download TDS certificate in Form 16B. #incometax #tds #tdscertificate #form16b #form26qb #taxguidenilesh #194ia #tdsreturn #26qb #16b #section194ia
We have simplified the Form 26QB filing process to make it easy for property sellers. #GST #finance #incometax #wetaxventures #trendingsong #26qb #propertyguru #instagram #memepage #selfassessment #taxrebates #memes #taxrefund #taxseason #taxes #taxplanning #memories #trend #reelsviral #memesfunny #taxexperts #memesdaily #income #accounting
Form 26QB- TDS on Sale of Property. #tdsonsaleofproperty #tds #form16b #residentseller #26qb #26qbs #saleofproperty #taxdeductedatsource #taxdeduction #1%tds #liabilityofbuyer #installments #paymentininstallments #endofthemonth #within30days #purchaseofproperty #latefees #penalty #nondeductionoftds #buyerofimmovableproperty #sellerofimmovableproperty #transactionvaluegreaterthan50Lakhs #returncumchallan #multiple26qb #charteredaccountant #day2daytax
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Form 26QB Filing starting @ ₹ 999/- only with corporategenie.in Get our Best Experts free telephonic advise for 15 mins on purchase of any of our services @ corporategenie.in For more details, You can call us directly @ +91-9717332997 | +91-8700202997 #form26qb #26qb #taxconsulting #taxadvice #taxconsultants #taxadvisors #corporategenie #onlineatcorporategenie #snehsanskriti #growwithsnehsanskriti #tdsonproperty #propertysale #tds
Must need to know Post login payment of TDS #incredibleindia #incometips #incometaxindia #incometaxreturn #tdsgastro #taxdeductedatsource #statusupdate #updateinfo #26q #26qb #gargcorpos #follow #follower #saleofproperty #26qc #26qd #rentofproperty #like #sharemarket #share #
Income Tax : Due date of deposit of TDS(Form 26QB) #income #tax #incometax #incometaxreturn #pan #aadhaar #incometaxindia #incometaxact #tds #26QB
*26QB form*🌸 - The Finance Bill of 2013 stipulates that TDS is applicable to sales of real estate if the purchase price is Rs. 50,000 or above. - According to Section 194 IA of the Income Tax Act of 1961, starting on June 1, 2013, the buyer must deduct tax at a rate of 1% when making a property payment. -The buyer must get Form 26QB, whereas the seller must obtain Form 16B in order to pay TDS. #tds #tcs #26qb
TDS RELATED ISSUES 📚 1. TDS Refund 2. Mistake in entering TAN number 3. 26QB Corrections Prepare above provided documents and go to Income Tax Department. I HOPE THIS WILL BE HELPFUL! ☝️ @ca_raajpatell #incometax #tds #tcs #26qb #tdsrefund #tancorrection #business #services #professional #itd #charteredaccountan #castudents #castudy #surat #gujarat #india
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