Following process should be adopted if you purchases any property of which DLC rate/ Stamp Value exceeds Rs. 50,00,000/- and rate of TDS is 0.1%.. At the time of payment of installment or date of registry whichever is earlier. You are allowed 5 days for making TDS payment after the month in whichRead more
Following process should be adopted if you purchases any property of which DLC rate/ Stamp Value exceeds Rs. 50,00,000/- and rate of TDS is 0.1%.. At the time of payment of installment or date of registry whichever is earlier. You are allowed 5 days for making TDS payment after the month in which transaction took place
Yes you may add the financial exp in cost or property only if the interest paid is before completion of property.. It means capital intarest can be capitalised.. Further, there are provisions in income tax which allows you to claim capital interest as well as revenue interest as deductions/ exemptioRead more
Yes you may add the financial exp in cost or property only if the interest paid is before completion of property.. It means capital intarest can be capitalised.. Further, there are provisions in income tax which allows you to claim capital interest as well as revenue interest as deductions/ exemptions.. And if you have claimed any of such then you cannot add interest as cost of acquisition..
Yes, TDS is applicable on transportation Exp. Subject to following Single payment to single transporter exceeds Rs. 30000/- or Multiple payments to single transporter exceeds Rs. 100000/- Rate of TDS is 1% and 2% if paid to partnership firm or companies There is exemptions from TDS ifRead more
Yes, TDS is applicable on transportation Exp. Subject to following
Single payment to single transporter exceeds Rs. 30000/- or Multiple payments to single transporter exceeds Rs. 100000/-
Rate of TDS is 1% and 2% if paid to partnership firm or companies
There is exemptions from TDS if deductee provides you declaration U/s 194(6) for non deduction
But in both above cases (whether TDS deducted or declaration received) you must file your TDS return..
How to make payment of TDS on purchase of Property?
Following process should be adopted if you purchases any property of which DLC rate/ Stamp Value exceeds Rs. 50,00,000/- and rate of TDS is 0.1%.. At the time of payment of installment or date of registry whichever is earlier. You are allowed 5 days for making TDS payment after the month in whichRead more
6. Choose your preferred payment mode: ‘Pay later’ or ‘Pay Now’.
7. Click on ‘Pay Now’ to make payment of TDS
8. After payment, the Form 26QB acknowledgment will be generated and can be downloaded.
9. Login as a Taxpayer on the TRACES Portal (https://contents.tdscpc.gov.in/) and generate the TDS Certificate from
See lessIs interest paid on home loan included in the cost of housing property while computing capital gains tax on its sale?
Yes you may add the financial exp in cost or property only if the interest paid is before completion of property.. It means capital intarest can be capitalised.. Further, there are provisions in income tax which allows you to claim capital interest as well as revenue interest as deductions/ exemptioRead more
Yes you may add the financial exp in cost or property only if the interest paid is before completion of property.. It means capital intarest can be capitalised.. Further, there are provisions in income tax which allows you to claim capital interest as well as revenue interest as deductions/ exemptions.. And if you have claimed any of such then you cannot add interest as cost of acquisition..
See lessIs TDS deducted on Transports? is there any exemption on it?
Yes, TDS is applicable on transportation Exp. Subject to following Single payment to single transporter exceeds Rs. 30000/- or Multiple payments to single transporter exceeds Rs. 100000/- Rate of TDS is 1% and 2% if paid to partnership firm or companies There is exemptions from TDS ifRead more
Yes, TDS is applicable on transportation Exp. Subject to following
Single payment to single transporter exceeds Rs. 30000/- or Multiple payments to single transporter exceeds Rs. 100000/-
Rate of TDS is 1% and 2% if paid to partnership firm or companies
There is exemptions from TDS if deductee provides you declaration U/s 194(6) for non deduction
But in both above cases (whether TDS deducted or declaration received) you must file your TDS return..
See less