If the buyer has used a credit from a bank and the bank pays it directly to the seller, his or hers must also be considered a payment and TDS must be deducted from the seller on the day of that payment. The date of payment of EMI by the buyer to the bank is insignificant. After registration, you can receive the approved form 16B (TDS certificate) and deliver it to the seller. Check your 26AS form seven days after payment. You will see that your payment will be reflected in Part F under “Details of the tax deducted at source on the sale of real estate u/s 194 (IA) [For real estate buyers]”.” No part F information is available for claim in the buyer`s ITR. You can take the date of the first installment as the booking date. You will receive information such as the TDS certificate number (which generates TRACES), the name and NAP of the trial, the date and amount of the transactions, the confirmation number (identical to that of your Form 26QB), the date of deposit and the TDS paid. You should see that the status of your 16B download request is available. If the status says “Sent,” wait a few more hours before repeating the last step. Download the .zip file. The password to open the file .zip is the date of birth of the abandonment (the format is DDMMYYYY).
Your form will be available in pdf format in the .zip file. Print this out. Thank you for this information. Now I have a case where a property is sold for 5 cr and where the capital application tax is applicable. Under the new provisions, the TDS buyer is 1% of the sale value of Rs. 5 cr. Recover and ask Govt. It`s the transfer of the ac. The seller is a non-taxpayer, but zero taxable income. As well as plans to reinvest in residential real estate that may occur in subsequent valuation years, please indicate how they can benefit from the TDS tax recovered by the buyer.
How can I correct the date of the deduction that is corrected in these forms? g) Select the e-tax immediately if the payment is made via internet banking or debit card. You can choose to pay the electronic tax on the day the payment is made through authorized banking agencies. If a problem occurs on NSDL`s e-Gov website when entering the details in the online form, contact the TIN Call Center on 020 – 27218080 or write to us (please indicate the subject of the email as an online payment of Tax_ TDS when selling real estate). Answer all the above 26QB form forms in google. The form will come and complete this farm immediately in accordance with the buyer`s seller contract registration. The payment option will come 1.