LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

PRAVEEN (-)     19 March 2014

Tds on property

CAN WE USE CHALLAN 26QB FOR TDS ON NRI PROPERTY ALSO?

THANKS



Learning

 4 Replies

R RAJAGOPALAN (ADVOCATE)     20 March 2014

Your Query: CAN WE USE CHALLAN 26QB FOR TDS ON NRI PROPERTY ALSO?

Reply: i) 26QB is  Challan –cum – statement of deduction of tax under section 194-IA;

            ii) Form 26 QB is for tax deducted under Section 194IA, ie; from certain payments to a resident. Where the payment is to a Non- Resident, tax is to be deducted under section  195 and never under Section 194IA. Use Form No15CA and Form No.27Q.

PRAVEEN (-)     20 March 2014

Thank you so much Sir.

It means we must use TDS Challan 281 to deposit TDS in such case. ? Please confirm.

P JAMES VICTOR (ADVOCATE & TAX CONSULTANT)     20 March 2014

Mr Parveen

Challan 26QB is the correct one which relates to sale of propery.

T. Kalaiselvan, Advocate (Advocate)     21 March 2014

Consult a tax consultant/auditor locally for further advise on the subject.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register