Tds on immovable property

RAJU VERMA (ARTICLED ASSISTANT) (39 Points)

06 September 2017  

Hi friends! I have one query regarding TDs on immovable property. A person bought house more than 50 lakh and took home loan. Bank paid installment of Rs. 15 lakh on 30.6.17, 20 lakh & 2 lakh on 27.7.17 & 15 lakh on 31.8.17 now the buyer want to pay TDs on all installment what is interest rate for late filling and whether installment attract penalty?? Whether four 26 QB has to be filed i.e separate return for each installment. Kindly explain in detail. Thank u in advance.