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Brigade TDS Payment Guidelines 

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Dear Customer,

 

Trust you and your family are doing good.

 

This mail is to apprise you on the TDS deductions that must be made on every payment that is made to the builder.

 

As per Section 194-IA of the Income Tax Act, the purchaser must deduct TDS at the applicable rate (Currently @1%) (if the Total Consideration is 50 lakhs or more) on all payments made, except on stamp duty charges and corpus /sinking fund.

 

For all individual payments on which TDS is applicable, please deduct the applicable TDS chargeable on the “Bill value “amount from the Total Payable amount while making payment to us.  

The Total Consideration of your unit is equal to the Agreement Value plus Additional Expenses and excluding Stamp Duty on Agreement to Sell, Deposit towards One-time sinking fund and Deposit towards Campus Corpus Fund (if applicable).

 

TDS can be paid by following this link https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp  and clicking on TDS on Property (Form 26QB).  Upon TDS is paid, please log into the TRACES website using this link https://www.tdscpc.gov.in/app/login.xhtml  and download Form 16B.

 

Please note, IT Portal takes a minimum of 48 hrs from the time you make the payment for Form 16B to be available for download. Do share the Form 16B at here4you@brigadegroup.com  to ensure that it is accounted towards your apartment.

 

In case of any further queries, please refer TDS Tutorial / Manual shared by us via Customer Portal / demand letter/ Customer Guide etc. 

 

Alternatively, your Chartered Accountant will help you for any clarifications.

 

Regards

Team CRM

 


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