Regarding the Form 26QB filing for 1% TDS deduction
This query is : Resolved
13 July 2023
Hi esteemed experts,
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.
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.
13 July 2023
1 yes, you are required to pay TDS 3 times
2 It's payment date.
3 Payment date.
4 you have to pay 12% interest on monthly default . You manually calculate.
5 put whole amount
2 It's payment date.
3 Payment date.
4 you have to pay 12% interest on monthly default . You manually calculate.
5 put whole amount
16 July 2023
Thank you so much for your inputs/
17 July 2023
You are welcome...
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