Difference between Date of Payment and Date of Deduction?

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The discussion clarifies the difference between the 'Date of Payment/Credit made to Seller' and the 'Date of Deduction' for Form 26QB. For TDS payments, both dates should reflect when the payment was actually made to the seller. The example provided shows that if an installment was paid on 10th November 2025, both dates in Form 26QB should be 10th November 2025, even if the TDS is paid later. Failing to deposit TDS by the deadline incurs automatic interest and late fees.

SOMENATH DHAR

SOMENATH DHAR (Querist)
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02 September 2026 What is the difference between date of Date of Payment/ Credit made to Seller and Date of Deduction in FORM 26QB form?
I paid an installment to builder on 10th Nov 2025 and shall pay the TDS for it now. In that case what will be the date of Date of Payment/ Credit made to Seller and what is Date of Deduction?

Aashok Kumar Sharma online

Aashok Kumar Sharma

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02 September 2026 Both the Date of Payment/Credit and the Date of Deduction in Form 26QB should be entered as 10th November 2025. Because the tax deposit deadline was December 30, 2025, the e-filing portal will automatically calculate interest at 1.5% per month under Section 201(1A) alongside a late fee of ₹200 per day under Section 234E when you generate the payment challan today.

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SOMENATH DHAR

SOMENATH DHAR (Querist)
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03 September 2026 Many thanks Ashok Kumar Sharma, for detail explanation.

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