I had purchased a flat on 28 August 2016 for 64Lac. There were two sellers in this case.
As a buyer i had to pay TDS amount, so i paid TDS on 29 November 2016. I paid 50% TDS amount using Seller1 PAN and remaining 50% TDS amount using Seller2 PAN card. I also paid interest amount for 4 months as i did not file it on time i.e. before 07 September 2016.
Now I have received a TDS intimation saying i need to pay the late filing fee which is 200 Rs/day. In my case as i had filed TDS for two sellers i recieved defaults for late filing fee for both of them.
So do i need to pay the late fee two times or should i pay it only once as the property on which i am paying TDS is the same one. Please suggest me, what should be done in this case.
CAclubindia
