Major head 0021 or 0021 in form 26qb

I bought a prop @ 56,00,000/-.in financial year 2014-25 .Didnn,t know about the TDS to be deducted hence not deducted the TDS . Now I want to Submit the TDS with interest using form26QB . Which fin year I shoul select ? Property purchase fin-year or current fin year in which I am deducting TDS and filing the TDS.

On the original query: yes, the major head follows the deductor (buyer). An individual buyer uses 0021 even if the seller is a company.

On the follow-up about TDS not deducted on a Rs 56 lakh purchase:

• In Form 26QB, enter the actual date(s) of payment/credit to the seller and the FY in which those payments were made, not the current FY.

• Interest under Sec 201(1A): 1% per month from date of payment to date of deduction, plus 1.5% per month from deduction to deposit. Part-months count as full months.

• Late fee under Sec 234E: Rs 200 per day from the due date (30 days from end of the month of payment), capped at the TDS amount. It is auto-levied when the 26QB statement is processed.

• Penalty under Sec 271H (Rs 10,000–1 lakh) is not levied if TDS, interest and fee are paid and the statement is filed within 1 year of the due date.

• Download Form 16B from TRACES and give it to the seller.

• Threshold check: from 1 October 2024 the Rs 50 lakh limit is tested on the total consideration, including where there are multiple buyers or sellers.