Hi,
I purchased a residential property in October 2024 and paid the applicable TDS of ₹53,250 (1% on ₹53,25,000) in November 2024 through Form 26QB. This amount covered the flat value only.
Later, the builder allotted me parking space worth ₹5,00,000, which was excluded from the flat agreement. I paid an advance against parking in March 2025, and completed the remaining payment in July and August 2025. I also paid ₹40,000 stamp duty on the parking agreement, which was registered in August 2025.
Now, the builder is asking me to pay TDS of ₹5,000 for the parking amount in FY 2024–25, stating that the bill was generated in their system in that financial year.
However, since both the actual payments and registration happened in FY 2025–26 (after April 2025), I’m unable to file Form 26QB for parking in FY 2024–25, as the portal does not allow backdated filing for that year.
Due to this issue, the builder is holding back my documents.
Please guide me on:
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Whether TDS is actually applicable in FY 2024–25 in this case.
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How I can legally file and pay TDS for the parking amount given the actual payment and registration happened in FY 2025–26.
CAclubindia
