I require assistance to deposit TDS on immovable property. I have bought a property above 50 lakhs and have paid installments as follows :
payment date Seller receipt date Amount as installment 14/03/2023 15/03/2023 670,300.00 24/04/2023 25/04/2023 670,300.00 21/06/2023 22/06/2023 744,778.00
However, I have not paid TDS. I have the following queries:
1. Will I be required to pay TDS 3 times or in lumpsum? 2.What should I put in Date of payment/credit made to seller?- will it be payment date or receipt date as per table above? 3.What should I put in the column of date of deduction? 4.Will I be required to pay penalty and will it be automatically calculated once I give the above dates and amount ? 5. In the column where the various amounts are to be given, there is one field which requires "total amount paid /credited to seller- should I put the whole amount or amount net of TDS?
I will be extremely obliged if my queries can be resolved.
CAclubindia
