I have purchased property of Rs. 60 lakhs on 07/07/2017 and payment made on installment basis.
say
1. on 07/07/2017 paid Rs. 5 lakhs.
2. on 08/09/2017 paid Rs. 10 lakhs.
3. on 12/12/2017 paid Rs. 10 lakhs.
4. on 01/03/2018 paid Rs. 5 lakhs. and so on...
I didn't deduct TDS till now.
I want to deduct TDS in my next installment and installment amount of Rs. 10 lakhs.
My question is
Can I deduct tds on full amount of Rs. 60 lakhs or only Rs. 10 lakhs or Rs. 40 lakhs?
Single Form 26QB can I file?
Menu
Form 26QB query
Replies (2)
You are required to deduct & pay TDS over each insallments paid and to be paid......... i.e. for total of 60 lakhs........ For earlier payments along with interest.......
TDS on immovable property should be deducted as and when amount is paid....so you have to deduct TDS for each payment....now you have to pay interest and late fees....for each default...
Recent Topic
- Form 145 and 146 Foreign Remittance in Excel Forma
- E invoice missed out/not generated for FY2025-26
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
Related Topics
CAclubindia
