form 26qb

The buyer of Immovable property (Ready to move or under construction) of Rs 50 lakhs or more has to pay the 1% TDS as a tax to the government of India. The government of India has made mandatory TDS deduction for the buyer if the immovable property is of INR RS 50 lakh or more. The buyer can cut TDS by 1% of the total deal value of the property before paying the property price to the seller. Later...