Income tax under section chauranbe a hundred IA real estate business accounting of the Ministry of finance from the motive of more than 50 million rupees on sales of property purchase-a phisad cutting essential TDS. but many complications to this provision that try to resolve here.
Who will reap the TDS:
TDS (source tax cut) cutting seller responsibility. whether personal seller or real estate developer, who get paid based on the new rules, it will be the responsibility of the property's price cut in government coffers by TDS phisad.
How to cut TDS:
The company has number through which to easily Tan tax cut invoices can be credited in official repositories. cutting the income tax Department of TDS form number 26 b download. invoice statement with this form. the buyer and seller on a pan, fill in the full address and property address date and property value cell. agreement by writing to the tax paid on the option On the website of the income tax department. the seller easily through Internet banking deposit TDS TDS certificates make giving to the buyer.
How long will deposit amount:
TDS after you fixed the tax within a period have to be deposited in the public Treasury. the month you cut him seven TDS date next month to submit your invoice time. for example if you have a tax cut, the first of April until May of course 7 TDS deposit TDS on April 30. cutting the time up to it will be may 7. invoice To decide within 15 days of the date you form number 16 b buyer kodena is inevitable.
Keep in mind some special things:
-If the seller has given your pan number has the same property transactions without a TDS of 20 phisad phisad instead of cutting.
-The amount of time needed to write the registry shall TDS without it registry.
-If the Bank loan is being purchased through the property, will be the lone Bank on cutting TDS amaunt and obliterate the rest of TDS on the amount received to the seller.
-If the payment is being made in installments, each installment is TDS. TDS is only on the principal mind. interest, not on complaint cell against HFCs
-Residential or kamarshiyal properties both on the purchase of agricultural land sale rules apply. not in its scope.
Who will reap the TDS:
TDS (source tax cut) cutting seller responsibility. whether personal seller or real estate developer, who get paid based on the new rules, it will be the responsibility of the property's price cut in government coffers by TDS phisad.
How to cut TDS:
The company has number through which to easily Tan tax cut invoices can be credited in official repositories. cutting the income tax Department of TDS form number 26 b download. invoice statement with this form. the buyer and seller on a pan, fill in the full address and property address date and property value cell. agreement by writing to the tax paid on the option On the website of the income tax department. the seller easily through Internet banking deposit TDS TDS certificates make giving to the buyer.
How long will deposit amount:
TDS after you fixed the tax within a period have to be deposited in the public Treasury. the month you cut him seven TDS date next month to submit your invoice time. for example if you have a tax cut, the first of April until May of course 7 TDS deposit TDS on April 30. cutting the time up to it will be may 7. invoice To decide within 15 days of the date you form number 16 b buyer kodena is inevitable.
Keep in mind some special things:
-If the seller has given your pan number has the same property transactions without a TDS of 20 phisad phisad instead of cutting.
-The amount of time needed to write the registry shall TDS without it registry.
-If the Bank loan is being purchased through the property, will be the lone Bank on cutting TDS amaunt and obliterate the rest of TDS on the amount received to the seller.
-If the payment is being made in installments, each installment is TDS. TDS is only on the principal mind. interest, not on complaint cell against HFCs
-Residential or kamarshiyal properties both on the purchase of agricultural land sale rules apply. not in its scope.
