What should be break up of transaction on purchase deed? Is it as under Full value of consideration:100,00,000 Less TDS @ 1% : 1,00,000 Amount to be paid : 99,00,000
Wow! I am very bad at finance and recently had purchased one property for which I had to pay TDS. I was afraid how to do it and you made it all so simple. Thanks, it was right on point.
Hi, Thanks for information video, One Query - If Total property value is 60 Lacs, and their are 2 Buyers and 2 sellers, all equal proportions. Then there will be 4 26QB form, in each payment of tax will be 15,000, which is 1% of 15 Lacs. But what will be 'Property Value in all four 26 QB forms, will it be full value 60 Lacs OR proportional value 15 Lacs.
Informative, just 1 query, as we need to deduct the tds before registration then what agreement date is to be fed as normally agrement date and registration date is same most of the times
Sir , kindly provide details on Tds if exchange deed is been executed & 1st party is paying 1 cr to other party (2 nd ) Are both parties liable to deduct / pay TDS on each other name . Thank you
Mukul ji I have a Real Estate Business. I am into Real Estate Development, Investment and in the business of rental income. The clarity with which you have explained - Rental Yield, FORM 26QB, Carpet Area, Stamp charges etc is very informative even to a novice in real estate. A teacher is considered amazing if his explanation is good enough even for a layman.
Very Detailed and Informative Video , Thanks !! One question, first 10% of total consideration is paid to seller as agreement amount and then 90% will be paid by bank loan on date of registry in sub-registrar office. Now for registry in sub-registrar, TDS deduction proof is also required. SO can total TDS be paid on total consideration amount, before registry date, even though bank will actually pay 90% to seller on date of registry only.
Thanks a lot for explaining the tds process for property purchase. Sir, please explain the case of joint buyers of property. In that case do we need fill two 26QB forms ?? Regds/DC Shahni
Hi, I liked you video very much. You clearly mentioned all the steps required to do property transaction with NRI. You video was I think in all sense complete as I can related to it as I am in the process of purchasing property from NRI. I've one doubt regarding this If you can throw some light on this issue it will be great help for me. Following is my Query: I am purchasing a property from NRI which is jointly held by Husband and Wife. The buyer are me and my wife. Like you mentioned Seller has applied for lower tax certificate and Me and my wife has applied for TAN etc. That all formalities are done. I've paid him token amount around 1 lakh (already paid tax for this amount) and balance 50 are pending. Since the seller has produced the lower TDS certificate of 12%. Hence I will be deducting 6 lakh and will pay to Govt, and balance 50-6 = 44 will be paid to him by me. The seller is coming in few days to India and the sales proceeds will go to their joint NRO Account. My question is that how should I pay the balance amount of 4 Lakh assuming I am going for home loan for 40 lakh ? Means, should I make four cheques like: Me --> NRI Seller Husband (1 Lakh) Me --> NRI Seller Wife (1 Lakh) My Wife --> NRI Seller Husband (1 Lakh) My wife --> NRI Seller Wife (1 Lakh) OR Single cheque of 4 lakh will do If I issue in both NRI Sellers name. Please note that In both case I am planning to pay TDS using Four challans for all buyer seller combination . I know I asking a big question, but I will be very grateful to you If you could clarify my doubts.
Hi Sir, Great explanation, I have few queries please cover my use case. I am buying property from Couple? Do I have to split the TDS between the owners? Also how much should I mention the property value in each of form 26Q forms? Also what should be the date values that are given in multiple places? I am going for agreement on 25rd/May. I am paid my part before 23rd and giving bank check on 25rd/May to sellers. Example: Property cost 90 Laks. Owner: X and Y.
Hi, The 26QB form requires the following two values to input: 1. Total Value of Consideration (Property Value) 2. Amount paid/credited currently (B) and if i understand correctly, the first value should include tax/GST paid while the second shouldn't. Example: Property purchase @ 1cr with 10 installments of 10 lakhs each. 1. Total Value of Consideration (Property Value) = 1 cr + 5% GST = 1,05,00,000 2. Amount paid/credited currently (B) (aka Installment) = 10 lakhs. 3. TDS @1% = 10,000 Can you please clarify if this is correct ?
thanks, it was a very useful video, I have made payment online and filled form 26qb after property purchase.. Now I'm trying to register on traces, I have one query, what's correction id / request id? its showing invalid details whatever I'm typing there, kindly tell me what to put there, otherwise I can't proceed further.. thanks in advance
Iska matlab ye hua ki jab hum seller of final payment karen to 1% final payment me se kaat len aur vo registrar office me deposit kar den.. Is that u mean? Very informative video
Hi @AY, thanks for clear and crisp video. Please help me with answer of below query: 1. Form 26qb need to be generated each time of transaction or is there a provision in portal to enter different transaction in case of bank loan at once ? 2. Any portal to tell how much late fee I need to pay for TDS not being paid on timely fashion. 3. Let's say all payment to seller has been done but registration pending. After 5 month I came to know about TDS payment, so I did. But how to recover money from seller, since he has now all credited to his account. Regards.
Hi do you have any video about how to get refund of excess amount paid as tds through 26QB by mistake. For example if I have paid same amount two times. Please help on this. Thank you.
Thanks for the video! It’s really helpful. What if the seller is a party of 3 individuals and buyer is a party of 2 individuals. How do we pay TDS and do we generate 3 forms for 26QB, one for each seller ?
My question is if I am paying money to builder in installment (Bank Loan) ,do I have to fill 26QB every time payment is made?My flat is not ready and schedule of payment is when builder completes each floor of the building.Also 1% TDS is on Flat price or flat price plus GST
Very helpful thanku so much Need some more help here we are 4 co-owner of a property..can only be one person file the TDS or we all need to file there part among 4 only 2 are working plz help
Let''s say you have made sale agreement of 55 Lacs, and sale deed/registration was done at 5050000. So in this case how much TDS buyer must deduct from seller, and how much TDS amount to be mentioned in the sale deed?
Last 3 4 weeks I saw a lot of your videos like SSY, ELSS Investment...It's very understandable ...but I have question ...If I pay 1% TDS can I mention that TDS amount in ITR Filling ....Tax at deducated sources....
Bhaiya aapne meri bat pr ye video banai h muje bhot khusi hui bhaiya. Mne bola tha aapse ki is pr video bna dena to aapna bna di thnku so much bhaiya. Lv u bhaiya 1 video or bna dena bhaiya ho sake to agriculture land ko hum bechte h or 50 lak s uper ki bikti h to kitna tax katega bank m
@@AssetYogi sir it's a suggestion kindly reply to questions asked also u replying only to people who appreciate your video, many people are reading comments to know more information in different cases what they are facing
Hello Sir, Thanks for very informative video. I want to know, I case of joint owner i.e husband and wife both have to file TDS separately? Suppose, if I am paying 5K, then 2.5k will be paid by my wife and rest half by me or I can pay the full amount? Please note - both are working. Thanks, Abhishek
Suppose say If I am selling a property and willing to buy another property immediately. So by what time period should I buy a property to save the TDS that would be deducted because of selling the 1st property?
Sir I have purchased property in joint name in June 19 and come to know about TDs 1% today ie. In September 19 which I have not deducted. Now what can I do. Can I deposit in September . How much plenty or interest will be paid. As it is joint property than TDs will be paid 50 - 50 by both person. Cost of property is 70 lakh. Please suggest. Thank you sir
Hi Mukul, i have purchased property from seller costing more than 50 lakhs. Currently i have paid him partial amount of total purchase value in 2 installments and yet to do complete payment. However property is still not registered in my name as it is an under construction property. So can you please clarify, if TDS need to be paid post registration or during time of registration
Hi Sir, I have question. I am buyin property from Father and Son, father is resident Indian and Son is an NRI, now registry will be done by both of them. Being residential Indian Father doesn’t have to pay TDS but Son has to pay TDS anyway as he is an NRI. So in that case, how can you calculate LTCG. Can we decide LTCG in half and pay TDS ?
Hi i found this video very useful. I am purchasing a house and asked to pay TDS but had no clue on the process. This video seems informative. I have one doubt on date of purchase agreement input as so far i had paid a token money of 1 lac and exchanged a offer letter with owner. Home loan just got approved and for sale deed just paid a franking charges today. What date should i mention in date of purchase agreement
What about TDS on under construction properties if value is > 50L. Agreement is generally done on 10-20% of value paid upfront and in that we dont pay TDS usually. In case of remaining amount taken from loan and payment is based on construction, how to claculate TDS. Should GST and taxes be considered in TDS calculation?
Hello sir, thank you for the informative video, helped me a lot. Had a doubt though. @9:21 , you said TDS is deducted but not deposited, in which scenario does this happen. My understanding is, TDS will be deducted and deposited at the same time. If not, what one should do if it's not deposited but deducted at source?
Very good video !! But I have a question on the very first step while filing Form 26QB. If the buyer is a builder not a individual , so should I select (0020) INCOME TAX ON COMPANIES ?
I had purchased residential land in feb2018 but TDS was not deducted from seller as because he was not agree to detect the same and further stated that i will pay the same on my own . It was also mentioned in the deed of registration. I had borrowed 50 lacks from HDFC Bank in which 01 lack amount was hold by the bank as TDS. Now, Banks authority informed me to submit TDS receipt as early as possible to released the hold amount as pointed out by auditor of the banks. Pleas, Gudie me how to short out the current issue(Payment of TDS) With regards
Thanks for the detailed information as it's very rare to find such level of information. Just 1 doubt do every one needs to register in trace with TAN or we can register as taxpayers and still generate the 16B form.
A resident can deduct TDS with his PAN is the deductee (seller) is also a resident. However, if the seller is NRI, then buyer needs to obtain a TAN for deducting TDS. Procedure is entirely different is property is being purchased from a non resident.
Sir, kindly add the video on how to get the refund of TDS for the seller. As the buyer deducted the TDS from the sell amount. So add the video to get the TDS refund.
Informative video just a quick question if I purchase property of 55 lac and pay tds in favor of seller, should I deduct 55k when I pay total amount means 55lac -55k means I have to pay 54.45 lac. Please confirm
Whether TDS on sale of property in case of NRI can be reduced by income tax deptt and then the buyer will deduct TDS or buyer will deduct TDS@30.6% on whole sale amount?
Hello sir Very informative video I have one query If we purchase a plot via bidding from government like DDA or HSVP in Haryana than what is procedure ? Property allotted at Rs 8000000(eighty lakes) and we submitted all payment in government that is 8000000 one year back. Now what we do? Please guide
Hello sir you explain very well But I have one query This TDS form compulsory filled by buyer side or bank also help in this ASAP because I also pay on this months this is first time
Is it applicable for property with a work order ? For example, if the total sale consideration is 80 lakhs, work order is generated for 40 lakhs and the sale deed is executed at 40 lakhs.
Hi, can you tell after paying for TDS, as a buyer, can I show this in income tax and get any exempt? If yes, under which section and what is the limit ?
What is this date of agreement? Is this based on the registration of sale deed or sale agreement? If it is sale deed registration then this process follows after filing TDS under form 26 QB. If it is based on the sale agreement which we can also call intent to sell which is executed some time earlier could be months also then it is correct to mention this date in the form. Shall it be hassle free.
Sign-up to our new app for discounts and early access:
✔ assetyogi.com/sign-up/
Sir agr residential property par house loan ho and sale proceed se loan b close karna ho to TDS kitne amount par pay karna hai ?
Sir agr residential property par house loan ho and sale proceed se loan b close karna ho to TDS kitne amount par pay karna hai ?
What should be break up of transaction on purchase deed? Is it as under
Full value of consideration:100,00,000
Less TDS @ 1% : 1,00,000
Amount to be paid : 99,00,000
Wow! I am very bad at finance and recently had purchased one property for which I had to pay TDS. I was afraid how to do it and you made it all so simple. Thanks, it was right on point.
YOU HAVE CLEARLY EXPLAINED COMPLETE PROCESS OF 26QB form payment. Thank you
Keep learning Ravi :)
No other you tuber gives quality information as u do. God bless u
Thank you so much 🙂
this has to be the best video on YT on this subject. Thanks for putting it out.
Hi, Thanks for information video, One Query - If Total property value is 60 Lacs, and their are 2 Buyers and 2 sellers, all equal proportions. Then there will be 4 26QB form, in each payment of tax will be 15,000, which is 1% of 15 Lacs. But what will be 'Property Value in all four 26 QB forms, will it be full value 60 Lacs OR proportional value 15 Lacs.
Informative, just 1 query, as we need to deduct the tds before registration then what agreement date is to be fed as normally agrement date and registration date is same most of the times
Very Good Brother You Explained all things in easy Way Thank You
Thank you so much Sir, for this amazing video and I am blessed I have leader like you to guide us.
Whether non deduction certificate may be issued by income tax officer on certain circumstances
You explained every aspect of 26 QB filing, thank you so much 🙏🏽
I hope this will be helpful Prem :)
Pl. Share video on tds on advance maintenance and other charges rec'd to builder
Sir , kindly provide details on Tds if exchange deed is been executed & 1st party is paying 1 cr to other party (2 nd )
Are both parties liable to deduct / pay TDS on each other name .
Thank you
Mukul ji I have a Real Estate Business. I am into Real Estate Development, Investment and in the business of rental income. The clarity with which you have explained - Rental Yield, FORM 26QB, Carpet Area, Stamp charges etc is very informative even to a novice in real estate. A teacher is considered amazing if his explanation is good enough even for a layman.
Very Detailed and Informative Video , Thanks !! One question, first 10% of total consideration is paid to seller as agreement amount and then 90% will be paid by bank loan on date of registry in sub-registrar office. Now for registry in sub-registrar, TDS deduction proof is also required. SO can total TDS be paid on total consideration amount, before registry date, even though bank will actually pay 90% to seller on date of registry only.
Sale value of property is inclusive of GST Or not. Specifically when GST component of sale consideration is not mentioned in conveyance deed
For under construction property, GST is imposed by the government. While filing TDS, Will TDS include GST amount or not?
Excellent video to pay tds online by self... Great going sir...
Thanks a lot for explaining the tds process for property purchase.
Sir, please explain the case of joint buyers of property. In that case do we need fill two 26QB forms ??
Regds/DC Shahni
Can I pay lumpsum TDS for total value of property even if I made payment in instalments
bahut baria or sundar tarike se samjhaya apne sir, bahut bahut dhanyavad
Hi,
I liked you video very much. You clearly mentioned all the steps required to do property transaction with NRI. You video was I think in all sense complete as I can related to it as I am in the process of purchasing property from NRI.
I've one doubt regarding this If you can throw some light on this issue it will be great help for me.
Following is my Query:
I am purchasing a property from NRI which is jointly held by Husband and Wife. The buyer are me and my wife. Like you mentioned Seller has applied for lower tax certificate and Me and my wife has applied for TAN etc. That all formalities are done. I've paid him token amount around 1 lakh (already paid tax for this amount) and balance 50 are pending.
Since the seller has produced the lower TDS certificate of 12%. Hence I will be deducting 6 lakh and will pay to Govt, and balance 50-6 = 44 will be paid to him by me.
The seller is coming in few days to India and the sales proceeds will go to their joint NRO Account.
My question is that how should I pay the balance amount of 4 Lakh assuming I am going for home loan for 40 lakh ? Means, should I make four cheques like:
Me --> NRI Seller Husband (1 Lakh)
Me --> NRI Seller Wife (1 Lakh)
My Wife --> NRI Seller Husband (1 Lakh)
My wife --> NRI Seller Wife (1 Lakh)
OR
Single cheque of 4 lakh will do If I issue in both NRI Sellers name.
Please note that In both case I am planning to pay TDS using Four challans for all buyer seller combination .
I know I asking a big question, but I will be very grateful to you If you could clarify my doubts.
Sir purchase price means stamp duty value ???
Thnk you i like ur way of teaching..
Kindly make a video in case of joint buyer and joint seller of the property
Hi Sir,
Great explanation, I have few queries please cover my use case.
I am buying property from Couple? Do I have to split the TDS between the owners? Also how much should I mention the property value in each of form 26Q forms?
Also what should be the date values that are given in multiple places?
I am going for agreement on 25rd/May. I am paid my part before 23rd and giving bank check on 25rd/May to sellers.
Example: Property cost 90 Laks.
Owner: X and Y.
Same question I have.. Sir, please reply to this comment
Same query i have. Havent found solution yet
Hi,
The 26QB form requires the following two values to input:
1. Total Value of Consideration (Property Value)
2. Amount paid/credited currently (B)
and if i understand correctly, the first value should include tax/GST paid while the second shouldn't.
Example: Property purchase @ 1cr with 10 installments of 10 lakhs each.
1. Total Value of Consideration (Property Value) = 1 cr + 5% GST = 1,05,00,000
2. Amount paid/credited currently (B) (aka Installment) = 10 lakhs.
3. TDS @1% = 10,000
Can you please clarify if this is correct ?
Very good information for easily filled tds
Excellent explanation sir ! Common man take the advantage out of it !! Many thanx !!
thanks, it was a very useful video, I have made payment online and filled form 26qb after property purchase.. Now I'm trying to register on traces, I have one query, what's correction id / request id? its showing invalid details whatever I'm typing there, kindly tell me what to put there, otherwise I can't proceed further.. thanks in advance
Iska matlab ye hua ki jab hum seller of final payment karen to 1% final payment me se kaat len aur vo registrar office me deposit kar den.. Is that u mean?
Very informative video
Hi @AY, thanks for clear and crisp video. Please help me with answer of below query:
1. Form 26qb need to be generated each time of transaction or is there a provision in portal to enter different transaction in case of bank loan at once ?
2. Any portal to tell how much late fee I need to pay for TDS not being paid on timely fashion.
3. Let's say all payment to seller has been done but registration pending. After 5 month I came to know about TDS payment, so I did. But how to recover money from seller, since he has now all credited to his account.
Regards.
Same questions. Please answer if known
o wow u explained so beautifully and energetically, thank your for the information, keep pumping it up sir
Thank you for appreciation Anil 😊
Hi do you have any video about how to get refund of excess amount paid as tds through 26QB by mistake. For example if I have paid same amount two times. Please help on this.
Thank you.
Video is informational but it is sad to see you didn't respond to any comments, which is actually queries from the people
Thanks for the feedback.
We try to reply to each and every comment as soon as possible.
Thanks for the video! It’s really helpful. What if the seller is a party of 3 individuals and buyer is a party of 2 individuals. How do we pay TDS and do we generate 3 forms for 26QB, one for each seller ?
Sir please explain
Take one from each side
Please suggest on this
My question is if I am paying money to builder in installment (Bank Loan) ,do I have to fill 26QB every time payment is made?My flat is not ready and schedule of payment is when builder completes each floor of the building.Also 1% TDS is on Flat price or flat price plus GST
Very nice explained
I have a question if NRI selling his property but he is not gain any profit what will be the TDS in this case
Irrespective of whether he/she makes any capital gains a Tds of 20%+surcharges must be applied and deducted.
Very helpful thanku so much
Need some more help here we are 4 co-owner of a property..can only be one person file the TDS or we all need to file there part among 4 only 2 are working plz help
If buyer are monre than 1 , tds has to pay via seperate challan as per proportion payment ???
Buyer are mother & son , value ₹70lac..??
Hello Sir, If there is a co buyer then do we need to pay TDS from both income tax account half-half the total amount ?
Nice Video Brother. Cleared all doubt. Thanks.
Welcome
Sir what if buyers are multiple in one property purchase?
Should we have to follow all procedure multiple times or 26QB has option of multiple buyer?
Sir can explain 7/12 extract column wise & section wise
Let''s say you have made sale agreement of 55 Lacs, and sale deed/registration was done at 5050000. So in this case how much TDS buyer must deduct from seller, and how much TDS amount to be mentioned in the sale deed?
hello, very nice video,just one doubt in do I have to pay tds before registering the property
Last 3 4 weeks I saw a lot of your videos like SSY, ELSS Investment...It's very understandable ...but I have question ...If I pay 1% TDS can I mention that TDS amount in ITR Filling ....Tax at deducated sources....
Bhaiya aapne meri bat pr ye video banai h muje bhot khusi hui bhaiya. Mne bola tha aapse ki is pr video bna dena to aapna bna di thnku so much bhaiya.
Lv u bhaiya
1 video or bna dena bhaiya ho sake to agriculture land ko hum bechte h or 50 lak s uper ki bikti h to kitna tax katega bank m
Saare subscribers ki request poori karne ki koshish hoti hai. Time zaroor lag sakta hai. Agricultural land pe tax nahin hai.
Thanks for the information, after long time showing video
Most welcome 😊
Sir NA ki Gujarat me process kya he us ka video banao na
Sir, make a video series on salary payroll and it's calculation.
Can anyone please clarify what should be the correction / request ID?
@Asset Yogi
Very good explanation
Thank you sir.
Thank you RAKESH
VALUABLE KNOWLEDGE....THNX SIR JI FOR THIS WONDERFUL VIDEO...
😊 Thank you
@@AssetYogi sir it's a suggestion kindly reply to questions asked also u replying only to people who appreciate your video, many people are reading comments to know more information in different cases what they are facing
Hello Sir,
Thanks for very informative video.
I want to know, I case of joint owner i.e husband and wife both have to file TDS separately?
Suppose, if I am paying 5K, then 2.5k will be paid by my wife and rest half by me or I can pay the full amount?
Please note - both are working.
Thanks,
Abhishek
Mai aapke video dekhna hu, to knowledge badhta hai
Keep learning Shruti
Sir bht acha h hmare liye thnku
I bought a property and TDS is paid. Now can I claim it in my tax return while filing the ITR?
No
Suppose say If I am selling a property and willing to buy another property immediately. So by what time period should I buy a property to save the TDS that would be deducted because of selling the 1st property?
Sir I have purchased property in joint name in June 19 and come to know about TDs 1% today ie. In September 19 which I have not deducted. Now what can I do. Can I deposit in September . How much plenty or interest will be paid. As it is joint property than TDs will be paid 50 - 50 by both person. Cost of property is 70 lakh. Please suggest. Thank you sir
sir TDS ka validity kitne dino tak rahta hai, Suppose maine aaj TDS Jama Kiya, or Mujhe Jamin Registry 90 Din baad karna hai, koe pareshani hogi
Hi Mukul,
i have purchased property from seller costing more than 50 lakhs. Currently i have paid him partial amount of total purchase value in 2 installments and yet to do complete payment. However property is still not registered in my name as it is an under construction property. So can you please clarify, if TDS need to be paid post registration or during time of registration
Very good elaborate discussion, thank you and have a good day.
Hi Sir, I have question. I am buyin property from Father and Son, father is resident Indian and Son is an NRI, now registry will be done by both of them. Being residential Indian Father doesn’t have to pay TDS but Son has to pay TDS anyway as he is an NRI. So in that case, how can you calculate LTCG. Can we decide LTCG in half and pay TDS ?
What is the process for including multiple buyers for a single property during TDS filing. Thanks in advance.
Nice info Sir. If I can pay tds for underconstruction loaned property at a time 1% of total agreement value
Very useful video. Thanks AY
Hi i found this video very useful. I am purchasing a house and asked to pay TDS but had no clue on the process.
This video seems informative. I have one doubt on date of purchase agreement input as so far i had paid a token money of 1 lac and exchanged a offer letter with owner. Home loan just got approved and for sale deed just paid a franking charges today. What date should i mention in date of purchase agreement
Beautifull video. Thanks for valuable information.
Most welcome
What about TDS on under construction properties if value is > 50L. Agreement is generally done on 10-20% of value paid upfront and in that we dont pay TDS usually.
In case of remaining amount taken from loan and payment is based on construction, how to claculate TDS. Should GST and taxes be considered in TDS calculation?
Hello sir, thank you for the informative video, helped me a lot. Had a doubt though. @9:21 , you said TDS is deducted but not deposited, in which scenario does this happen. My understanding is, TDS will be deducted and deposited at the same time. If not, what one should do if it's not deposited but deducted at source?
TDS is deducted when making payment. TDS is deposited after deduction.
What in case of joint owners shall I divide tds on two persons.
Very good video !! But I have a question on the very first step while filing Form 26QB. If the buyer is a builder not a individual , so should I select (0020) INCOME TAX ON COMPANIES ?
Dear Sir,
Please provide date of payment and date of tax deduction concern in details... Have
Thanks
I had purchased residential land in feb2018 but TDS was not deducted from seller as because he was not agree to detect the same and further stated that i will pay the same on my own . It was also mentioned in the deed of registration.
I had borrowed 50 lacks from HDFC Bank in which 01 lack amount was hold by the bank as TDS.
Now, Banks authority informed me to submit TDS receipt as early as possible to released the hold amount as pointed out by auditor of the banks.
Pleas, Gudie me how to short out the current issue(Payment of TDS)
With regards
Thanks for the detailed information as it's very rare to find such level of information.
Just 1 doubt do every one needs to register in trace with TAN or we can register as taxpayers and still generate the 16B form.
A resident can deduct TDS with his PAN is the deductee (seller) is also a resident. However, if the seller is NRI, then buyer needs to obtain a TAN for deducting TDS. Procedure is entirely different is property is being purchased from a non resident.
Sir, kindly add the video on how to get the refund of TDS for the seller. As the buyer deducted the TDS from the sell amount. So add the video to get the TDS refund.
Thank you so much for a detailed lovely video as always.
You are so welcome!
Informative video just a quick question if I purchase property of 55 lac and pay tds in favor of seller, should I deduct 55k when I pay total amount means 55lac -55k means I have to pay 54.45 lac. Please confirm
Mukul ji kya kamal ka video banate hai !
Very very very much useful 🔥🔥🔥🔥🔥👍🏻
Glad to hear that
Whether TDS on sale of property in case of NRI can be reduced by income tax deptt and then the buyer will deduct TDS or buyer will deduct TDS@30.6% on whole sale amount?
Hello sir
Very informative video
I have one query
If we purchase a plot via bidding from government like DDA or HSVP in Haryana than what is procedure ?
Property allotted at Rs 8000000(eighty lakes) and we submitted all payment in government that is 8000000 one year back.
Now what we do?
Please guide
Indexation option nahi hota for capital gain for nri?
Hello sir you explain very well
But I have one query
This TDS form compulsory filled by buyer side or bank also help in this
ASAP because I also pay on this months this is first time
Sir very good information
Keep watching
Is it applicable for property with a work order ? For example, if the total sale consideration is 80 lakhs, work order is generated for 40 lakhs and the sale deed is executed at 40 lakhs.
Sir, stamp duty and registration fee cancel karna Hain to uspe kitna deduction hota hain.ispe video pls banayie
Hi, can you tell after paying for TDS, as a buyer, can I show this in income tax and get any exempt? If yes, under which section and what is the limit ?
no seller will get
Sir i Have seen this video Very very help full thanks you
Can you please give a demo on how to pay tds when the seller is nri
thank you for the informative video, helped me a lot
Sir,
I also have to show in my ITR as individual, the TDS deducted on purchase of house above 50 lakhs (since it shows in AIS /TIS/26AS.
Sir if seller is NRI & selling property at loss e.g. 60 lacs his purchase value and selling at 50 - how will handle tds part if registrar ask for tds
When to submit the TDS?? Before paying the deal lumpsum or after paying the amount?
What is this date of agreement? Is this based on the registration of sale deed or sale agreement? If it is sale deed registration then this process follows after filing TDS under form 26 QB. If it is based on the sale agreement which we can also call intent to sell which is executed some time earlier could be months also then it is correct to mention this date in the form. Shall it be hassle free.
Thanks for the detailed video. Very helpful. Is there a way I can file Form 27Q online?
One of the best video I have ever seen sir. Thanks lot
Iska refund milega kya
Thank you sir for giving such a nice informative videos to understand some concepts.