We had paid advance amount 5 months back but were not aware of tds and did not have tan number as well. 2 days back we paid the remaining amount and deducted tds on full amount. Will we need to pay any penalty in this case?
I paid TDS in Sep 2024. But form 27Q only gives option to select Q1 for FY 2024-25. Sep payment should be under Q2, so why there is no option of Q2 in Form 27Q? @CAPuneetJain
Informative video!! If owners are three(2NRI and 1indian) So how much tds to be deducted.. Thanks. Also if two buyers, so will we require 2 tan number ?
True knowledge through video...
Excellent complete information. Thanx. Wonderful help to purchaser.
If biyer is joint ie husband and housewife. Who will submit the tds return ?
both for their ratio required to file
The NRI seller has obtained the Lower tax certificate, in this apart from tax % 10% surcharge & 4% cess is applicable?
Yes
Sir tds rpu mei particular of the person responsible for deduction mei kiska name ayega
Person Responsible for TDS
We had paid advance amount 5 months back but were not aware of tds and did not have tan number as well. 2 days back we paid the remaining amount and deducted tds on full amount. Will we need to pay any penalty in this case?
Yes Late fees and Interest Applicable
Kiya nri LOW TDS CERTIFICATE APPLY JR SAKTA HAI.
yes
I paid TDS in Sep 2024. But form 27Q only gives option to select Q1 for FY 2024-25. Sep payment should be under Q2, so why there is no option of Q2 in Form 27Q? @CAPuneetJain
The Utility will be updated after 1 October
Please tell what if buyer don't file the return but has paid the tax already.
Its Mandatory to comply with statutory provisions otherwise anyone can got the Notice from department
2 buyers(couple) but wife is housewife no income ...than only husband can pay full TDS?
yes
Can TDS be filled and genrate challan before agreement date ?
No
If tds deduction is for july-september quarter then can i apply for return (27Q) in july month. I have deducted tds on 5 july.
No its required to proceed with Q2 july to sep tds return
Sir, when form 15CA is compulsory to file and is it mandatory to file before form 27q filing. Pls clear
Its required to be filed before payment to Seller
Sir, what to do if NRI seller does not have pan card?
Its could be filed with No PAN
Sir may me tax jama kr diye 27q ka kya TDS bhi file kr sakte hai may me hi
For Q1 of F.Y 2024-25 this tds return Form 27Q will be available from 1 july onwards
Informative video!!
If owners are three(2NRI and 1indian)
So how much tds to be deducted..
Thanks.
Also if two buyers, so will we require 2 tan number ?
Yes 2 TAN required with ratio of property
Good
THANKS