Form 26QB: Complete Guide to TDS on Purchase of Immovable Property
Form 26QB is a mandatory challan-cum-statement prescribed under Section 194-IA of the Income Tax Act, 1961 for reporting and depositing Tax Deducted at Source (TDS) on the purchase of immovable property. The responsibility to deduct and deposit TDS is cast on the buyer of the property, not on the seller. This provision was introduced to […]