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Any person or HUF purchasing an immovable property worth more than Rs. 50 lakh must deduct TDS @1%. when paying the seller. The TDS amount is paid to the government by filing Form 26QB in under 30 days from the month’s end for which TDS was deduction was initiated. Taxliv Experts will assist in TDS Payment and filing of Form 26QB and managing your TDS compliance on Property Purchases.
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