TDS Filing (Property and Non-Property)

  • Home
  • Return Filings
  • TDS Filing (Property and Non-Property)

TDS Filing (Property and Non-Property)

Welcome to My Taxvisor - Your Trusted Partner for Effortless TDS Filing (Property and Non-Property)
Ensuring accurate and timely TDS (Tax Deducted at Source) filing is crucial for businesses and individuals alike. At My Taxvisor, we specialize in providing comprehensive TDS filing services for both property and non-property transactions. Our dedicated team of tax professionals is committed to simplifying the TDS filing process, ensuring compliance with tax regulations and minimizing the burden on our clients.

Form 24Q

Purpose

i) Used for quarterly TDS returns related to salaries.

ii) Applicable to employers who deduct TDS from salaries.

Components

i) Details of TDS deducted from salaries, including employee-wise breakup.

ii) PAN details of employees.

iii) Total TDS amount.

Limits and Rates

i) TDS is deducted on salary income exceeding the basic exemption limit.

ii) Different sections of the Income Tax Act prescribe specific rates for TDS on various components of salary.

Frequency

i) Filed quarterly.

Form 26Q

Purpose

i) Used for quarterly TDS returns related to payments other than salaries.

ii) Applicable to deductors (other than employers) making payments attracting TDS.

Components

i) Details of deductees.

ii) Type of payment (e.g., contractor payments, professional fees, rent, etc.).

iii) PAN details of deductees.

Amount of TDS deducted.

Limits and Rates

i) Different sections of the Income Tax Act prescribe specific rates for TDS on various types of payments.

ii) Threshold limits may exist for certain types of payments.

Frequency

i) Filed quarterly.

Form 27Q

Purpose

i) Used for quarterly TDS returns related to payments made to non-residents (foreign companies or individuals).

ii) Applicable to deductors making payments to non-residents.

Components

i) Details of deductees (non-residents).

ii) Type of payment.

iii) PAN details (if available) or other unique identification numbers.

iv) Amount of TDS deducted.

Limits and Rates

i)Different sections of the Income Tax Act prescribe specific rates for TDS on payments to non-residents.

Frequency

i) Filed quarterly.

Form 26QB

Purpose

i) Used for TDS returns related to the sale of immovable property (real estate).

ii) Applicable to buyers of immovable property who are required to deduct TDS on the sale amount.

Components

i) Details of the property being sold.

ii) Details of the buyer.

iii) Details of the seller.

iv) Amount of TDS deducted.

Limits and Rates

i) TDS is deducted at the rate of 1% of the sale consideration.

ii) The sale consideration threshold for TDS is ₹50 lakhs.

Frequency

i) Filed for each property transaction.

Form 27QB

Purpose

i) Similar to Form 26QB, used for TDS returns related to the sale of immovable property.

ii) Applicable when the property has multiple buyers.

Components

i) Details of the property being sold.

ii) Details of multiple buyers.

iii) Details of the seller.

iv) Amount of TDS deducted.

Limits and Rates

i) TDS is deducted at the rate of 1% of the sale consideration.

ii) The sale consideration threshold for TDS is ₹50 lakhs.

TDS Filing Services by My Taxvisor

Why Choose My Taxvisor for Your TDS Filing Needs?

Expert Guidance

Our team of seasoned tax professionals possesses extensive expertise in TDS regulations, ensuring accurate and compliant filing for property and non-property transactions.

Comprehensive Solutions

Whether you're dealing with property transactions or other financial activities, our TDS filing services are tailored to suit your specific needs, maximizing benefits and ensuring compliance.

Efficient Processes

My Taxvisor streamlines the TDS filing process, utilizing advanced systems to ensure a hassle-free experience for our clients.

Why Partner with My Taxvisor?

Expert Tax Professionals

Our team comprises seasoned tax professionals with a wealth of experience in TDS filings, ensuring precision and reliability.

Client-Centric Approach

My Taxvisor prioritizes your unique financial situation, providing personalized solutions that align with your objectives.

Compliance Assurance

We stay abreast of the latest TDS regulations to ensure your filings are always in compliance with the law.

Experience Effortless TDS Filing with My Taxvisor

Whether you're involved in property transactions or non-property financial activities, My Taxvisor is your trusted partner for efficient and accurate TDS filings. Contact us today to explore how our expert services can make your TDS filing experience seamless and worry-free. Your financial compliance and peace of mind are our commitment.