Time of Deduction- TDS to be deducted at the time of credit or payment, whichever is earlier. Deductor- Any person (other than a person referred…
View More Section 194IA- Payment on Transfer of Immovable PropertyTag: Section 194IA
CPC (TDS) Advisory for Tax Credits in 26AS with respect to Tax Deducted on Sale of Immovable Property (26QB Statement)
As per section 194IA of the Income Tax Act, buyer is required to deduct tax at source @1% of the amount paid/credited to the seller.…
View More CPC (TDS) Advisory for Tax Credits in 26AS with respect to Tax Deducted on Sale of Immovable Property (26QB Statement)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 PropertyObtaining / quoting tax deduction and collection account number (TAN) relaxed for certain notified persons – “Section 203A”
At present, any person who is required to deduct tax at source (other than under Section 194IA) is expected to obtain a TAN and quote…
View More Obtaining / quoting tax deduction and collection account number (TAN) relaxed for certain notified persons – “Section 203A”