Form 141/26QB TDS on Immovable Property
JIGNESH PADIYA AND ASSOCIATES
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.