Tag Archives: 26QB FORM

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

By | November 8, 2016

Form 26QB Summary of 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,… Read More »

FAQS ON 26QB FORM CORRECTION

By | April 11, 2016

26QB FORM CORRECTION Q1: What are the various types of defaults that may get generated on 26QB processing? Ans: Following are the types of Defaults that may get generated on 26QB processing:— 1) Short Deduction: Short deduction is computed when the rate at which TDS Deducted is less than 1%. Short Deduction Computation u/s 200A… Read More »