If you have purchased an under construction property in India in joint ownership with wife then both husband and wife needs to file Form26QB independently.Form26QB is available at TIN's website
Starting 1 June 2013, the 1% tax deducted at source (TDS) has been applicable on the value of transfer of immovable property worth Rs 50 lakh and above.
Visiting following links you will get detailed information. In case you have queries leave the comment and I will try to answer to the best of my knowledge as soon as possible.
- http://www.indianrealestateforum.com/real-estate-gurgaon/t-tds-immovable-property-1st-june-2013-a-58965.html
- http://care2earn.blogspot.ca/2013/06/1-tds-on-sale-of-immovable-property.html
Starting 1 June 2013, the 1% tax deducted at source (TDS) has been applicable on the value of transfer of immovable property worth Rs 50 lakh and above.
Visiting following links you will get detailed information. In case you have queries leave the comment and I will try to answer to the best of my knowledge as soon as possible.
- http://www.indianrealestateforum.com/real-estate-gurgaon/t-tds-immovable-property-1st-june-2013-a-58965.html
- http://care2earn.blogspot.ca/2013/06/1-tds-on-sale-of-immovable-property.html
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