TDS(Tax Deducted at Source) on Purchase of Immovable Property
Applicability : Applicable if the consideration for the property is 50L or more
Applicable to : The purchaser of property
Rate of TDS : 1% on Total Value
Forms : Form 26QB and form 16B to the seller by the purchaser
Immovable Property : Land other than agricultural Land & Building or part of building
Also includes : Commercial units, Residential houses etc
Property sold as Stock - in Trade of Developer
For more details and assistance contact finmatrix.fs@gmail.com/contact@finmatrix.in or reach us at 8553025165/166
Finmatrix Strategic Consulting Private Limited
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