TDS On Property purchased !How to file 26QB Online!More than one buyer or seller.TDS Challan
TDS on Property Purchase | More than one buyer or seller | Non-Resident | 26QB | Minor | Joint Property Ownership | How much tax you have to pay |
So in this video we have discussed about tax on property purchase you need to pay. If you are purchasing a property and it's consideration is Rs. 50 lakhs or more than you need to deduct TDS from the purchase consideration before paying to the seller.
I have also discussed the cases of more than 1 buyer or seller i.e. property purchased jointly from one seller or more than one seller. Also, I have discussed the case of TDS on property purchased from non-resident and seller who is a Minor. So after watching this video you will be able to understand that what is property tax and capital gain tax on purchase and selling of property. Property purchase TDS u/s 194IA to be deducted on the property purchase by the Buyer and form 26Qb is to be filed by the buyer in respect of each seller from whom property is purchased.
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