Origin Consultancy Services Support for the information of below TDS on sale of property Email ID Contact Us If the seller/deductee is a resident of India: The Finance Act 2013 introduced section 194IA applicable w.e.f. 01.06.2013, wherein TDS is applicable on sale of immovable property where the sale consideration of the property is equal to or exceeds Rs. 50,00,000/- (Rupees Fifty Lakh). TDS @ 1% should be deducted by the purchaser/buyer of the property at the time of making payment of sale consideration. Tax so deducted should be deposited to the central government account through any of the authorized bank branches. However, provisions of Section 203A will not be applicable in the above case. All details regardin...
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Instant e-PAN User Manual 1. Overview The Instant e-PAN service is available to all individual taxpayers, who have not been allotted a Permanent Account Number (PAN) but possess Aadhaar. This is a pre-login service, where you can: Obtain digitally signed PAN in electronic format, free of charge, with the help of Aadhaar and your mobile number linked with Aadhaar. Update PAN details as per Aadhaar e-KYC, Create e-Filing account based on e-KYC details after allotment or update of PAN, and Check status of pending e-PAN request or download e-PAN either before or after logging in to the e-Filing portal. 2. Prerequisites for availing this service Individual who has not been allotted a PAN Valid Aadhaar and mobile numbe...
e-TDS Information: Section 194T: TDS on Payments by Partnership Firms to Partners Budget 2024 introduced Section 194T, making certain payments from partnership firms (including LLPs) to partners liable for TDS . Previously, such payments were exempt from TDS, with deductions applicable only to employee payments. This new provision, to effective from 1st April 2025. Payments Covered Under Section 194T Section 194T applies to the following payments made by a firm to its partners: · Salary · Remuneration · Commission · Bonus · Interest (on capital account, loan account, or any other account) TDS Rate and Threshold Limit · Rate : TDS is deducted at 10%. · ...