Tds round off query

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This query is : Resolved

Tanmoy Pal (Querist)

10 September 2018 Hi,
Recently I was paying TDS for my property. I had to pay 62376.5 INR . While doing online payment after filling up Form 26QB I paid 62376 (Rounding off). But then I got to know that it should be rounding off to 62377 INR. Though its a matter of only 1 INR, still as its not as per the guidelines I am little worried

Do you see any major issue here ? Is there any way to clarify this unwanted mistake ?

Thanks,
Tanmoy

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 September 2018 No issues such difference will be ignored by department.

Tanmoy Pal

Tanmoy Pal (Querist)

03 March 2019 Thanks a lot Sir! Really appreciate your help here.

Tanmoy Pal

Tanmoy Pal (Querist)

15 May 2019 Recently my builder sent me a note saying there is a TDS due of INR 1 which I have to complete with out that the registration will not happen. Now if I don't want to argue with the builder whats the process of paying the remaining INR 1 TDS. Is there any way to only pay a certain amount of my choice at any time ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

15 May 2019 I think it's not possible to pay 1 rupee now. Tell the builder that I have consulted the Auditor it's not a problem proceed with registration Income tax will not ask for the round off amount and it will be ignored.

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