1% TDS on sell amount

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  1. saikatchanda

    saikatchanda New Member

    Hello Experts,

    1% TDS has to be deducted by buyer on behalf of seller if the sell amount is more than 50 L,
    I have few queries.
    1) after how many days this TDS will show in seller's form 26AS.
    2) What document should seller collect from buyer on this regard if the selling procedure is happening before the amount is reflected in 26AS.

    Regards
     
  2. ZED

    ZED Well-Known Member

    TDS certificate [Form 16B] is enough. You can also show the copy of form 26QB.
    A week I guess.
     
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