About This Plan
When you buy an immovable property (i.e. a building or a land) costing more than Rs 50 lakh you need to deduct TDS at rate of 1% on the payment made to the seller and file TDS return.
The delay in filing the return attracts interest and penalty. Under this plan ClearTax provides you with a prompt mechanism to comply with all the TDS compliance on purchase of immovable property.
- Registration on TRACES
- Filing of Form 26QB (4 nos.)
- Generation of Form 16B
- Business Hours Subject Matter Expert Support - Email and Phone
Who Should Buy
- Any person who is an Indian Resident and has purchased immovable property
- Any business entity operating in India and has purchased immovable property