I am purchasing a property above 50 lakhs for which I am required to deduct 1% TDS. One token payment is made in Jan 2023 with next two payments made in Feb 2023 on different dates. Can I file one Form 26 QB for entire amount or Do I need to file total 3 Form 26 QBs one for each payment?
22 February 2023
Thank you for clarification. On the similar lines, the second payment of February is through bank loan. So the cheque will be given only on registration day. But the seller and Bank is insisting on paying TDS before only. Can I file TDS before registration by clubbing the both payments of February and payment date as first payment date of February?
22 February 2023
No. Unless cheque issued, you cannot consider it as payment. Consider the date of registration as payment date, as the same would be incorporated in agreement as due date for the installment.
23 February 2023
Thank you for the response sir. If I consider registration as payment date, Will it allow me to file Form26QB before (lets say today) for that amount.
23 February 2023
No. The Due date of filing Form 26QB is within 30 days from the end of month in which the tax deduction is made. Hence, you can file form 26QB before deduction of TDS.
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