Excel for Chartered Accountants
ABCAUS Excel Auto TDS Challan cum Statement Form 26QB
As per section 194-IA of Income Tax Act 1961, with effect from 1st June, 2013 (Assessment Year 2014-15) there will be now a tax deduction at source (TDS) on transfer of immovable property other than agricultural land if the sale consideration is Rs. fifty lakhs or more. The prescribed rate of TDS is one percent
The important points to be kept in mind are:
2. Tax Deduction Account Number (TAN) is not required to be obtained by the buyer/transferee
Certificate of Deduction of Tax shall be issued in Form 16B within 15 days after deposit of tax by furnishing TDS challan (Form 26QB).
ABCAUS excel based TDS Challan cum Statement Form 26QB is fully automatic, simple and is with built in wrong PAN Structure check,. For instant reference the text of the relevant Notification and the text of the section 194IA has also been provided in popup forms.
To use this utility Macro should be enabled in excel. Those who are not aware of how to enable macros can download a help file on how to enable macros here
ABCAUS Excel Auto TDS Challan cum Statement 26QB Download