If I bought a property with a basic project, Rs.60.00.000/- and TDS as 1% is 60,000/- Instead of paying TDS 1% on each drive, While paying the developer a lump sum each time, I can pay the TDS the sum of 1% of the contract value at once and for all I booked an apartment in Jun`11 and had the contract to sell to Sep`11, date of the procession is at Mar`15. Until July 13, I had made 70% of the payment and the rest is paid to the owner. According to Jul`13, the payment is twice as long as in the town planning plan. I have the following questions: – Is the TDS applicable in this case? – If this is the case, TDS will be deducted from the total amount depending on the sales receipt or payment according to Jul`13. Dear Sir I am an employee who works as a teacher at MNNIT Allahabad, U.P. I bought an apartment in Noida. The seller deducted and deposited TDS 1%, since the value of the real estate was greater than 50 Lakhs. In my expiry form TDS 26AS appears in Part F- Data of the tax deducted at source from the sale of land u/s 194IA (For buyers of real estate) with certificate number tds, deucte name, i. owner`s name, Aberres PAN, confirmation number, confirmation number, global transaction number, transaction date, TDS paid and filing date.
I would like to know which ITR I need to fill out, whether it is the ITR-1 or the ITR-2. As I must prove in ITR`s e-submission, since the amount was paid to the buyer and he filed the TDS as the account name, the seller of the property is. Please help me out so I felt the ITR needed for AY 2015-16 your early response e-file. Thanks and with reference, Dr. Ram Pal Singh I entered into a pre-registration agreement for the pune property in December 2013 that will be handed over to me (final registered agreement) in June 2016, when I paid the TDS at the time of final registration or from the beginning? If GST is deducted from the transaction value for the acquisition of real estate, TDS is deducted from the non-GST amount. I paid a small amount during the sale contract, without withdrawing the TDS and a few months later, plan to pay the rest in a TDS deduction (the amount of the sale) while registering the property. Is it okay to pay the TDS once in Govt after the sale settlement made? Do I get a late fee for the amount of the contract I paid without deducting TDS? I buy a residential value that is more than Rs. 50 Lakhs.
Under Sec 194IA, I have to deduct 1% of tDS and file the same with the government. However, at the time of the purchase, I did not know that TDS was to be withdrawn, and now the Income Tax Office has sent me a notice on the payment of TDS, with interest and a 100% fine. Would you like to suggest what I can do? Good Morining I have a question at 194IA whether the agreement of the sales reflection for 60Laksh before 1.06.2013 and the partial payment for 20 Lakhs was also made before 1.6.2013. So, do I have to pay TDS on that balabce amount that I paid on 1.6.2013 or after? Is the TDS applicable for the purchase of a property already in the Home Loan? Plan to take out a loan of 55 lanks to buy a property.