TDS - 194-IA

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A company purchased land for £51,00,000 on March 21st, 2024, without deducting the applicable 0.1% TDS. They now need to understand the potential late fees and interest charges associated with this oversight. The query seeks clarification on the amounts for both late fees and interest to ensure compliance.

Ajay R

Ajay R (Querist)
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22 August 2025 Hi team,

We were purchased a land on 21st March - 2024 - we paid to the landlord of 51,00,000 lakhs - Without deducting the TDS, now we scrutinize the ledger and got to know that - we are liable to pay the TDS at 0.1%, Rs.51,000. My question is like this.

1.What is the Late fee - If yes - what is the amount
2.What is the interest charges - What is the amount.

Kindly confirm it at the earliest.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 August 2025 Refer::: https://cleartax.in/s/how-to-file-tds-on-sale-property

https://www.bajajfinserv.in/tds-on-property-purchase-above-50-lakhs-section

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 September 2025 Good luck..

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