Kanagavelu Sugumar 09 March 2021
Form 26QB, what is the difference between Date of Payment/Credit Vs Date of deduction . e.g. On Sept 3, 2020 i have paid X (say 100000/1L) amount to seller, but i missed to file TDS for 1% of X amount which is 1000Rs and not even deducted this TDS (1%) amount from source while paying to seller, and i want to file 26QB by now Mar 9, 2020 for that X paid amount. In this case what is Date of Payment/Credit and Date of deduction and Interest subject to TDS? Can we get any waive off on interest/late fee due to pandemic?