As per Section 194-IA of the Income Tax Act, if you're purchasing a property worth ₹50 lakhs or more, you are required to deduct 1% TDS from the property value and deposit it with the government using Form 26QB. This TDS must be deposited within 30 days from the end of the month in which the transaction takes place.
At H S Lalwani & Co., we ensure smooth and error-free TDS return filing under Form 26QB. Our experts take care of documentation, challan generation, and compliance—helping you avoid penalties or notices from the Income Tax Department.
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CA Hitesh is very talented and kind consultant with deep Knowledge of accounting and finance domain. Recommending CA Hitesh for accounting & finance related consultancy services.
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Read MoreAs per Section 194-IA of the Income Tax Act, if you're purchasing a property worth ₹50 lakhs or more, you are required to deduct 1% TDS from the property value and deposit it with the government using Form 26QB.
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