Financial year in form26qb

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Hi friends,

I had baught a prop @ 56,00,000/- in Financial Year 2014-15. Didn't know about the TDS to be deducted and hence not deducted any TDS . Now I want to submit the TDS with Interest through Form26QB. Which Financial year should I select ? 2014-15 when I baught the property or 2015-16 when I am paying TDS to the income tax dept. ? 

 

Replies (3)

Select AY 2015-16  [FY 2014-15]

My question is if you havenot deducted tds, registrar has allowed to complete registeration process? Which date you brought the property
Dear friend, As you said that u haven't filed 26QB yet. I want to bring your attention on the provision of IT act that you've to deduct tax & file return under form 26QB upto 7th of the following month in which you've made payment / contract (whichever is earlier) otherwise you've to pay interest @ 1% per month on TDS + penalty of Rs.200 per day from the date it become due.

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