According to section 1941A Bryce Love Youth Jersey , if a buyer buys immovable property valuing more than 50 lakhs rupees then he must deduct the TDS. Following the deduction, the buyer needs to pay TDS to the government. However, it is not applicable to agricultural land. If you would like to discuss your queries with Adroit Valuation tax consultation reason for introduction of TDS on the sale of property are usually under valuable with a view to improving the reporting such a transaction. TDS on Property Sale to regulate the real estate sector like computerization of land records rule of main objective are not being registered track all the high value real estate transactions.
Information required for filing TDS online 鈥?Adroit Valuation
1. Buyer 鈥?Buyer is called as Transferee. The information required is PAN, name and complete address. In case there are a number of buyers Terry McLaurin Youth Jersey , the details are required for all the buyers.
2. Seller - Seller is called Transferor. The information required is PAN, name and complete address. In case there are a number of sellers, the details are required for all the buyers.