While buying a flat (more than 50 lakhs), 1% tds need to be deducted. We have to fill Form 26QB and generate form 16B and give it to seller. Payment plan is in installments. There are some installments left. I have not paid TDS(generated 26QB) at each installment. I piad the 1% of the amount paid till now after 2 months of last installment. My doubt is is there any penalty for this ?
Articale for ref https://groww.in/p/tax/form-26qb
Just downloaded my form 26 to be prepared for tax filing and found out that my company hasn't made any TDS payments. It just says no transactions are present. What are my options cause I am getting a little scared now 🥲?
CA here. In case anybody has any query regarding Income-tax return filing, can comment below. Will try to help you out as much as possible.
For people who lie in the 30% tax bracket, how do you save taxes?
Do you suggest making a dummy rent agreement on your parents name to save HRA?
Got to know that if monthly rent is more than 50K, the tenant has to pay TDS as well. How...
I had joined new org in July 2022 last year and had submitted my previous org form16 and salary slips with monthly tax deductions shown in them. Now today my tax consultant informed that since I had not submitted form 12b to new employe...
