30 April 2014
There is an advance of Rs. 20 lacs paid in Apr-2014 out of total sale consideration of Rs. 70 lacs. Balance shall be paid thru bank loan in May-2014. Please clarify about deduction of TDS on advance and balance value. I think there will be two 26QB submitted one for 20 lacs on or before 07-May-14 and another for Balance on or before 07-Jun-2014. Please clarify.