Salary income: Employer deducts TDS on total income, including income other than salary after taking into account all deductions and exemptions. This saves the individual…
View More Where TDS is applicable and how relief is availedTag: Form 26QB
Important CPC (TDS) Communication on Payment of Taxes as a “Demand Payment”, Deducted on Purchase of Immovable Property
CPC (TDS) has issued an advisory communication to the purchasers of the property regarding payment of taxes, deducted on purchase of immovable property. The issued communication…
View More Important CPC (TDS) Communication on Payment of Taxes as a “Demand Payment”, Deducted on Purchase of Immovable PropertyDeduct tax at source while purchasing property
Deduct tax at source while purchasing property else, you’ll need to pay from own pocket with interest and penalty. On receiving a notice from the…
View More Deduct tax at source while purchasing propertyFAQ on Form 16B
1. What is Form 16B? Form 16B is the TDS certificate to be issued by the deductor (purchaser/buyer of immovable property) to the deductee (Seller…
View More FAQ on Form 16BDifferent types of Forms with explanations
Forms Explaination Form…
View More Different types of Forms with explanationsHow will transactions of more than one buyer/seller be filed in Form 26QB – TDS on immovable property?
1)How many Form no: 26 QB should be filled online if Immovable Property is purchased by two buyers from two sellers i.e. one sale deed…
View More How will transactions of more than one buyer/seller be filed in Form 26QB – TDS on immovable property?TDS payment on property and how to obtain form 16B and 26QB
From June 2013, purchaser of property with value of Rs 50 lakh and above should deduct 1% TDS at the time of making payment. Here…
View More TDS payment on property and how to obtain form 16B and 26QB