Tds on property

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.

Thank you so much Sir.

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

Mr Parveen

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

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