Date of credit in Form 26QB

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Tax return planner
11 Points Joined February 2025

I have purchase a property of rs.2core paid full amount of consideration on 1-2-2025 tds of rs,2,00,000 amount yet to pay 

While filing 26qb, my date of payment will be 1-2-2025 , date of tds deducted should be ??

As date of deduction should be actual tds deducted or credit whichever is earlier 

How to determine date of credit 

 

 

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On 27 February 2025 at 14:40 Report
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Master in Accounts & high court Advocate
8756 Points Joined December 2011

To determine the date of credit for TDS deduction, follow these steps:

Date of Payment and Date of Deduction -

*Date of Payment*: February 1, 2025 (as mentioned) - *Date of Deduction*: Since the TDS amount of ₹2,00,000 is yet to be paid, the date of deduction will be the date when the TDS is actually deducted or credited to the government, whichever is earlier. Date of Credit To determine the date of credit, consider the following: -

 *Bank Transfer*: If you're paying the TDS through a bank transfer, the date of credit will be the date when the amount is debited from your account or the date when the bank transfer is initiated, whichever is earlier. -

*Online Payment*: If you're paying the TDS online, the date of credit will be the date when the online payment is made.

Filing 26QB When filing Form 26QB, you'll need to provide the following dates: -

 *Date of Payment: February 1, 2025 -

Date of Deduction*: The actual date when the TDS is deducted or credited to the government, whichever is earlier

Ensure you keep a record of the TDS payment, including the date of payment, date of deduction, and the challan number, as these details will be required for filing Form 26QB and other tax compliance purposes.

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On 27 February 2025 at 16:24
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Fellow CA
86863 Points Joined June 2009

just a correction, date of deduction will be the date on which you made the net of TDS payment for purchase of the property. The date of payment of TDS will be the date on which the TDS was actually deposited to the government. 

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On 27 February 2025 at 20:35


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