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Question ID : 44534

Form no 13 for lower deduction of TDS

An NRI has sold a flat for Rs 75 Lacs Short term capital gain is around 5.25 Lac Tax Liability is around 13000- He has filed Form no 13 on 20-8-23 online and acknowledged by CPC (TDS) on 20-8-23 Registration of Title deed is due within a week Sale agreement is dated 8-8-23 and TAN of deductor was applied on 10-8-23 which was issued a couple of days back In such a case what will be the duty of Deductor reg TDS as certificate is not expected soon

Posted by Mahesh Kumar on Aug 20, 2023


Answer ID : 85130

Deduct tax under section 195 , file form 27Q and issue form 16A to the deductee since transfer has to be done soon.

Posted by B.CHACKRAPANI WARRIER on Aug 22, 2023