Tag Archives: TDS on Property

Form 26QB filing and Correction procedure (TDS on Property)

By | November 8, 2016

Form 26QB As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the property is equal or exceeds to 50,00,000 (Rupees Fifty Lakh). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1%… Read More »