DYK: TDS for immovable property accepted onlineVivina Vishwanathan
Income from Units (Under section 194K) Payment of compensation on acquisition of certain immovable property (Under section 194LA)Non-residentsPayments to Non-resident sportsmen or sports association (Under section 194E) Other sums (Under section 195) Income in respect of units of non-residents ...
c. Income received, by legal entities resident abroad, from immovable property in Bhutan, as an owner, co owner, and user of that property; d. Income received, by legal entities resident abroad, from contract works as defined under full tax liability; ...
Section 194K: Payment of any income for units of a mutual fund as per section 10(23D) or from the administrator or specified company 10% Section 194LA: Payment in respect of compensation on acquisition of certain immovable property. 10% Section 194LBA(1): Certain income distributed by a ...
194LACompensation on acquiring immovable propertyResidentRs. 250000 per FY10% However, NO TDS is deducted when The amount is paid to Reserve Bank of India, Government or any such body. Finance Corporations of Central or State. Mutual Fund u/s 10(23D). ...
The purpose of this form filing TDS Returns with regard to a deduction on income from the sale of immovable property in India. #4. Form 27Q The purpose of filing of this type of return is to furnish details of the transactions in respect to the foreign payments made. ...
Compensation on acquiring immovable property Winning from games. It includes crossword puzzles, lottery, cards, etc. What is the TDS Certificate? The people in charge of deducting tax at source provide TDS certificates. Further, the certificates must be issued when it is deducted so that the pay...
194LACompensation on acquiring immovable propertyResidentRs. 2,50,000 per FY10% TDS Exemptions TDS is not deducted in the following situations: If the amount payment is made to Reserved Bank of India, Government or any such body. Mutual Fund under Section 10(23D) ...
Key Attributes of Form 26QB Under TDS Section 194-IA In the Income Tax Act, 1961 few key rules have been framed that are related to the purchase and sale of immovable property. In the aforesaid transactions that come within the domain of Section 194-IA, the buyer (who is also called th...
B. New Section code 194IA (Payment on transfer of certain immovable property other than agricultural land. i.e. TDS on sale of property) has been added under list of sections available for Form 26Q. i. The above is applicable only for...