Query on form 26QB and TDS deduction

1) pan of seller is necessary

2) Address of property  Date of auction

3) TDS 1 % on each installment 

4)  penalty will be auto calculated 

In government auction cases:

• Seller is usually Government / Authority / Bank / Recovery Officer
• They provide only PAN
• Aadhaar is not applicable

So you can proceed with PAN only.

 Deposit:

• TDS = ₹35,000
• Interest (calculate exactly)

In your case:
You did NOT deduct at time of payment.

So interest = 1% per month
From date of payment till date of deduction.

• Late fee auto-calculated in portal
• Faster you pay → less late fee.

File 26QB Immediately

System auto calculates 234E.
No way to waive through portal.

Penalty Avoidance Strategy

Penalty u/s 271H can be avoided if:

1. You pay:
• TDS
• Interest
• Late fee
2. File within 1 year of due date

Then normally no penalty notice.

Future Installments

For remaining ₹45 lakh: Deduct TDS at time of each payment.