Deposit Tax Deducted Under Section 194-IB Using Form 26QC Within 30 Days; Issue TDS Certificate to Sellers.
Where tax is deducted under section 194-IB, it must be deposited using a challan-cum-statement in Form No. 26QC within 30 days from the end of the month in which the tax is deducted. No additional statement or form is needed. If there are multiple sellers, Form 26AS should be completed for each seller. A TDS certificate must be issued to all sellers.
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