Description
About the plan
If you buy an immovable property i.e. building or land for the value of more than ₹ 50 lac you need to deduct TDS @ 1% on the payment made to the seller and file TDS return.
The delay in filing the return attract interest and penalty.
Under this plan Indtaxes provides you with a fast mechanism to comply with all the TDS compliances on purchase of immovable property.
Services covered
- Registration on TRACES (Govt. portal for TDS)
- Filing of Form-26QB
- Generation of Form 16-B
- Expert Support
Documents required
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PAN card of buyer(s) and seller(s)
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Address and Phone number of buyer(s) and seller(s)
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Property sale deed or details
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Challan details of TDS payment
Time duration
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2 working days to complete (Estimated).
FAQs
- I have bought a property for residential purposes. Do I need to deduct TDS?
- TDS has to be deducted by every buyer on the purchase of an immovable property being building/land other than agriculture land if the purchase value is more than ₹ 50 lac.
- TDS is to be deducted from the whole amount to be paid.
- For e.g., if a property is bought for ₹ 55 lakh then TDS has to be deducted on the entire amount that is ₹ 55 lakh, not on just the ₹ 20 lac.
- I am a property buyer. What should I do if I don’t have the PAN of the seller(s)?
- PAN of the seller is mandatory for deducting TDS and filing Form 26QB.
- It is the buyer’s responsibility to acquire the PAN from the seller(s) before effecting the transaction.
- What to do if I do not have a PAN card?
- If you do not have a PAN card then you may apply here. Click here for apply a PAN card.
- What will be the consequence if I will not deduct TDS?
- You shall have to pay high interest and penalties. You must have to deduct the TDS and file the TDS return.
Why Our Clients Trust Us
100% Money back guarantee
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Lifetime support as premium client
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Maximise your tax savings
Save your GST & Income Tax with us
Compliances with 100% accuracy
Accuracy is like red blood cells in the blood of Indtaxes
Unparalleled speed at best prices
We stick to our estimated time and prices
Why our clients love us
100% Money back guarantee
Our top priority is client satisfaction. Every client associated with Indtaxes is completely protected by our 100% Money Back Guarantee Program*.
Lifetime support as premium client
If you have any query just call us at +91 9310 223 187 or email us at support@indtaxes.in or you can live chat also. We are always here for you.
Maximise your tax savings
Businesses save on an average 5 – 10% of their GST liabilities with Indtaxes. Individuals save upto ₹ 86,500 by filing their ITRs with Indtaxes.
Compliances with 100% accuracy
Accuracy is like red blood cells in the blood of Indtaxes. We believe in providing error-free professional and financial services with the guarantee of satisfaction.
Unparalleled speed at best prices
We provide estimated time and best prices, and we are stick to it. As per our latest survey, 94% of our clients have confirmed this fact.
What our clients say
220+ client’s reviews with Google 4.9 ratings
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10+ Services Covered
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Monthly expert visit
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220+ 5 star reviews
What our clients say
220+ client’s reviews with Google 4.9 ratings
• 10+ Services Covered
• Monthly expert visit
• 220+ 5 star reviews
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Single package for all your needs
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