TDS On Property

FRS E-Commerce Pvt. Ltd. provides customized services for handling TDS on Property Transactions, assisting buyers in meeting Section 194IA of the Income Tax Act. According to this law, it is required that any buyer acquiring an immovable property of value over ?50 lakhs needs to deduct 1% TDS (Tax Deducted at Source) on the transaction value and deposit the same with the government. FRS E-Commerce Pvt. Ltd. takes care of the whole process—right from deduction to filing—in an efficient manner and according to tax regulations.

The firm initiates by leading clients through the check of applicability for TDS, computation of the precise amount of deduction, and preparation of the Form 26QB, required for online deposit of TDS. FRS E-Commerce Pvt. Ltd. also helps in procuring the TDS certificate (Form 16B) of the seller, which serves as a proof of deduction of tax and is important at the time of income tax filing. Their team takes care of correct data entry and smooth processing to prevent any errors that might hold up the transaction.

FRS E-Commerce Pvt. Ltd. eliminates the hassle and confusion typically involved in TDS on real estate transactions. They take care of coordination between the buyer and seller, deliver clear instructions, and solve issues related to erroneous PAN details, transaction ID mismatch, or declined payments. Their extensive knowledge about real estate tax compliance makes it easy and stress-free for everyone involved.