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Tips for filling Form 26QB Screen & Fields to be filled

noreply@blogger.com (Indian) — Sat, 10 Dec 2016 16:19:00 +0000

Tips for filling Form 26QB Screen & Fields to be filled

1. Gather all the details and save it in a text file - refer below screens

This is important as Form26QB timeouts and expires after few minutes

2. Ensure that you have already calculated TDS amount, property value etc before you launch form 26QB

3. Basic Tax should be rounded to nearest rupee depending on the value of Total amount Paid/Credited. Even a difference of 1 Rupees would not be accepted.

4. Ensure that you are entering deduction date as the date on which you have made payment to the builder

5. If you get expiration alert then you must click submit

6. Ensure you have your banks netbaking details handy so that you can immediately make the payment.

Click on images to enlarge

Also check

1% TDS on Property - Form 26QB & Form 16B

noreply@blogger.com (Indian) — Sat, 10 Dec 2016 15:39:00 +0000

1% TDS on property decoded
TDS @ 1% is to be deducted on all Property Transactions which are above Rs. 50 Lakhs.

This TDS is to be deducted on all types of Property Transactions irrespective of whether the property in consideration is a flat or a building or a vacant plot.
TDS is to be deducted irrespective of whether it is a Residential Property or Commercial or Industrial Property.
TDS is to be deducted on all types of property transactions except Agricultural Land.'
TDS is to be deducted on the total amount paid to the Seller excluding VAT and Service Tax. This can be explained with the help of an example:-

Example: Suppose you need to pay below amount to builder/seller:

Base Value of Property: 60,00,000

Service Tax : 2,00,000

VAT: 50,000

--------------------------------------------

Total 62,50,000

Then you need to pay 1% TDS on 60,00,000

1% TDS for above example would be = 60,000/-

99% Amount + Service Tax+VAT + other taxes needs to be paid to the builder/seller

Amount which should be paid to builder = Total - 1% TDS = 62,50,000 - 60,000 = 61,90,000/-

Try this 1% TDS Calculator:
http://govt-links.blogspot.in/2016/09/1-tds-calculator-1-tds-on-property.html
1% TDS on Property Calculator

What is form 26QB and Form 16B?

Form 26QB is the online form which is filled by the buyer while paying 1% TDS via NSDL site

Form16 B is the TDS certificate which is given to the buyer as a proof that he/she has successfully paid 1% TDS by filling form 26QB

Tips for filling Form 26QB Screen & Fields to be filled

How to Pay 1% TDS?

1. Go to below Link:
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

2. Select Form26QB

3. Enter All your details

4. Click Proceed and verify all your details

5. Save the acknowledgement number for future reference

6. Make Payment via net banking from the bank of your choice

7. Save the Challan details for future reference

Tips for filling Form 26QB Screen & Fields to be filled

How to get Form 16B ?

1. After paying 1% TDS go to below link:
https://www.tdscpc.gov.in/app/login.xhtml

2. Login to the TDS portal using your PAN as user id

Note: If you do not have an account then you need to register first by filling the Registration form

3. After you have logged in, from menu select Download -> Form 16B (For Buyer)

4. Enter/Select below details :

Assessment year,

Acknowledgement Number which you have received during 1% TDS Payment while filling FORM 26QB

Enter PAN number of seller

Note: The acknowledgement number might take between 1-3 days to appear in this TDS portal

5. Verify Details to be printed on Form 16 B

6. Select Submit Request

7. After you have submitted the request it would take few days to appear under downloads in the same TDS portal. (Downloads - > Requested Downloads)

Note: It can take anywhere between 1-7 days for Form16B to appear under downloads

Password to open Form 16B
Password is your date of birth in ddmmyyyy format
If your DoB is 15th April 1984 then password would be : 15041984

Also check

1% TDS Calculator-1% TDS on Property Calculator

noreply@blogger.com (Indian) — Sun, 18 Sep 2016 15:22:00 +0000

1% TDS on Property Calculator
Do not Copy/Paste values, you need to manually enter

Also check

BESCOM New Format Bill Payment now possible through BanagloreOne!

noreply@blogger.com (Indian) — Sun, 19 Feb 2012 07:56:00 +0000

Good news for Bangaloreans who were finding it to difficult to make their electricity bill payment using BangaloreOne due to new Bill format implemented by BESCOM. Now it is possible to make online bill payment using AccountID for those subdivision where new bills were introduced by BESCOM.
Its Quite appreciable of BangaloreOne that it didn't took much time to support the new billing through its portal.
Refer below images showing the newly added option in BangaloreOne Portal to support the new bill payment for W3,W4,W5 & S3 Sub Divisions only. Currently the new bills has been introduced by BESCOM only for these Sub Divisions

On clicking on above link you would be taken to below page where you could enter AccountID and click on Search button to fetch your Electricity bill details and the proceed ahead with payment.

Thank you BangaloreOne!

Online BESCOM Bill Payment no longer possible using BangaloreOne Portal

noreply@blogger.com (Indian) — Sun, 22 Jan 2012 16:25:00 +0000

Were you making online payment of your BESCOM Electricity Bills using BangaloreOne portal and finding it very convenient, then you may no longer be able to use this services for several months.

BESCOM has done major changes in it's electricity bill due to which its no longer possible to make online payment of electricity bill using BangaloreOne portal. The new bills sent to consumer's doesn't have any details of Location Code instead it has a new field called as Account ID. Though RR Number still exists in the new bill as well but it seems in future the RR numbers is going to change to a new format as well. This is because in current bill against RR number there are two values mentioned, the old RR number is mentioned in brackets whereas another number is mention just before the older RR number.
The new RR number is a ten digit number(Example 0123456789) whereas the older RR number was a ten character alphanumeric value(Example MS3EH12345).

Due to this new billing mechanism adapted by BESCOM, BangaloreOne is required to do major changes in their portal so as to bring back the online BESOM bill payment again. As per the confirmation from one of the BangaloreOne office, it would take 2-3 months to bring back this online BESCOM bill payment service up & running again on their portal.
If a consumer tries to use the details mentioned in old bill to make a new bill payment using BanagloreOne portal, on clicking on retrieve button only the last old bill (December 2011) could be seen.
Its strongly advisable to consumers NOT to user BanagloreOne online portal to make payments for new bills using the details mentioned in the older bill until the portal is upgraded.

This uncalled changes done by BESCOM is surely going to imact thousands of consumers living across different areas of Bangalore who have been using BanagloreOne service for their monthly Electricity Bill Payment.
Its surprising that BESCOM did such major changes without bothering about the people of Banaglore who rely on online mode of payment due to chaotic Bangalore traffic and unavailability of payments centers near their homes.. With proper planning & co-ordination BanagloreOne portal could have been easily upgraded along with the new billing methodology adapted by BESCOM.
Annoyingly there aren't any details mentioned on either BESCOM site or BangaloreOne Portal about these changes impacting the consumers.

What is EE and ER?

noreply@blogger.com (Indian) — Sat, 29 Oct 2011 18:59:00 +0000

The SMS sent would have the PF balance distributed between EE and ER?
EE - Total contribution to PF balance by Employee
ER - Total contribution to PF balance by Employer

=> Go back to PF Balance page

=> Go back to Step wise Guide

Understand your PF Number: Extract Establishment Code & Account Number

noreply@blogger.com (Indian) — Sat, 29 Oct 2011 18:47:00 +0000

PF Number would be in below mentioned format:

XX/12345/7654321

XX - Represents State in which PF office is located

12345 - Establishment Code

7654321 - Account Number

Detailed explanation:
XX- The 1st two characters are alphabets representing the state in which your PF office is located.
12345- The next characters enclosed between two slashes( /12345/) is establishment code
1234567- the last set of number is account number of an employee

=> Go to PF Balance page

=> Go to Step wise Guide

Step wise Guide to check PF balance

noreply@blogger.com (Indian) — Sat, 29 Oct 2011 18:33:00 +0000

Step-1
Pre-requisites:
1. Get your PF Number
2. From the PF number extract your Establishment Code and account number. Do you need help in identifying establishment code and account number? IF Yes, Click here
3. Know your PF office location
4. Have a mobile number ready where SMS would be sent

Step-2
Go to PF Balance page Input details gathered above in the form when prompted, use below image for reference
=> Click here to check your PF Balance
Refer below image for reference:

Know your PF Balance - Check PF Balance

noreply@blogger.com (Indian) — Sat, 29 Oct 2011 07:08:00 +0000

Have you changed job in last 3 years and ever wondered how much is your PF balance accumulated in your account?
In general people change jobs every two years and that makes it important to know the PF accumulated in one's PF account across different companies they have worked for. Below are all details to find your PF balance in your previous or current organization:

1. Step wise Guide

2. Understand your PF Number: Establishment Code & Account Number

3. What is EE & ER?

Use below screen to check your PF balance

-->

Know your PF Balance - Check PF Balance

noreply@blogger.com (Indian) — Sat, 29 Oct 2011 07:08:00 +0000

Have you changed job in last 3 years and ever wondered how much is your PF balance accumulated in your account?
In IT Industry on an average people change jobs every two years and that makes it important to know the PF accumulated in one's PF account across different companies they have worked for. Below are all details to find your PF balance in your previous or current organization:
1. Step wise Guide

2. Understand your PF Number: Establishment Code & Account Number

3. What is EE & ER?

Use below screen to check your PF balance

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