Hi,
As far as I know, if you have bought a property for more than Rs. 50,00,000, then you’ll need to deduct TDS at 1 percent from the payment made. After that, you will have to submit the TDS to the govt. using Form 26QB and file for TDS return. Read more:
How to Show Purchase of Property in Income Tax Return?
I suggest you reach out to a CA for better clarity.
Read more:
How to Deposit TDS on Purchase of Immovable Property
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I bought property where builder paid TDS, does the flat owner need to show TDS amount in income tax return?
Nilesh
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3 Year
2022-06-25T16:51:25+00:00 2022-06-27T18:30:27+00:00Comment
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