TDS on Purchase of Immovable Property
Now file Form 27Q online
File Form 27Q for purchase of land / building >= 50 Lacs from Non Resident
Service includes providing TDS certificate from TRACES portal
Service includes applying new TAN registration, filing of Form 27Q for the relevant period and filing application for surrender of TAN registration
Click here if the seller(s) is a resident
Competitive Pricing and Professional Approach
Get your return reviewed by an experienced CA everytime
Let's file your TDS return. Click the link below:
TDS is applicable on sale of immoveable property (other than rural agricultural land) wherein the sale consideration of the property exceeds or is equal to ₹ 50,00,000 (Rupees Fifty Lakhs).
Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1% should be deducted by the purchaser of the property at the time of making payment of sale consideration. Tax so deducted should be deposited to the Government Account through any of the authorised bank branches.
Where seller(s) of the property is a non-resident(s), Buyer or Purchaser of the property is mandatorily required to procure Tax Deduction Account Number (TAN). The Buyer is required quote his or her TAN and sellers PAN.
TDS certificate in Form 16A is to be issued by the deductor (Buyer of property) to the deductee (Seller of property) in respect of the taxes deducted and deposited into the Government Account.
Form 27Q is to be filled in by each buyer for respective share. E.g. in case of one buyer and two sellers, one form has to be filled in and for two buyers and two seller, two forms have to be filled in for respective property shares.
FILL UP BASIC DETAILS BELOW
Our Interactive form will help us understand your requirements and assess list of documents required,
SUBMIT DOCUMENTS AND PAY FEES
Our team member will contact you to advise list of documents required for processing your application and invoice for professional services.
process and submit application
Our team coordinates with you to apply for a TAN registration and submits your Form 27Q with authorities. TDS Challan can be deposited online / offline as per your convenience.
TDS CERTIFICATE ISSUED
Post processing of Form 27Q by Income Tax Department, TDS certificate in Form 16A can be downloaded from Income Tax Department portal. Subsequently, your TAN surrender application shall be filed.