TDS ON PURCHASE OF IMMOVABLE PROPERTY -FILING OF 26QB
This query is : Resolved
17 March 2024
Hi Expert
I have one case where purchase consideration is being paid in installments, First Installments was made on 15 Nov 23 and buyer is forgot to deduct TDS,
Although he deducted the total TDS on 2nd installments on 15 Feb 24 (including previous TDS amt).
My question is , whether Buyer has to file 2 form 26QB like first is of Nov 23 and 2nd is of Feb 24 or
Buyer can report in single form 26QB.
if buyer goes with first option then he also have to pay interest + penalty of Rs 200 per day from 30 Dec to till date max up to TDS amt.
In my opinion we can pay interest of TDS that was not deducted in first installments and file single form 26QB , Please correct me if i am wrong.
Please advise
Regards
Deepak
I have one case where purchase consideration is being paid in installments, First Installments was made on 15 Nov 23 and buyer is forgot to deduct TDS,
Although he deducted the total TDS on 2nd installments on 15 Feb 24 (including previous TDS amt).
My question is , whether Buyer has to file 2 form 26QB like first is of Nov 23 and 2nd is of Feb 24 or
Buyer can report in single form 26QB.
if buyer goes with first option then he also have to pay interest + penalty of Rs 200 per day from 30 Dec to till date max up to TDS amt.
In my opinion we can pay interest of TDS that was not deducted in first installments and file single form 26QB , Please correct me if i am wrong.
Please advise
Regards
Deepak
18 March 2024
File single form with interest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
