The proposed date of applicability for section 194Q is July 1, 2021. Per the charging proviso to this section, the section will apply to any person who is a buyer, and who is responsible for making payments to a resident for the purchase of goods when the value or aggregate of either ...
including sale of property.TDS on sale of property is applicable under Section 194-IA of the income tax law. However, buyers and sellers need not worry about TDS implications at all if the property value is up to Rs 50 lakh. On property deals involving more than Rs 50 lakh, TDS on pro...
Once you have filed and verified your ITR, you can track itsstatuson the Income Tax Portal to check whether it has been processed or not. Processing of ITR can take anywhere from 1 day to 45 days, however, in some cases it can take longer too. If you feel that it is taking too lo...
The proposed date of applicability for section 194Q is July 1, 2021. Per the charging proviso to this section, the section will apply to any person who is a buyer, and who is responsible for making payments to a resident for the purchase of goods when the value or aggregate of either ...