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Single TDS deducted for multiple transactions - Form 27Q (Urgent)

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Vamshi

Self

21 Points Posted on 12 January 2023

I have bought a property from an NRI.

I have paid token advance amount to NRI on 12th November.

I have paid remaning amount on 19th November.

But I have deducted TDS on TOTAL payment and paid challan (of 22.88% on Total) on 17th November itself.

When filing Form 27Q which date should I specify in the "Date of Payment/Credit" column? I have paid single challan for multiple transactions...

What to do in this situation? Thanks.

Replies (2)

Quick Summary

This discussion addresses a common query regarding TDS deduction and filing Form 27Q when purchasing property from an NRI. The user made two payments for a single property purchase but deducted TDS on the total amount and paid it via a single challan before the second payment. The core question is which 'Date of Payment/Credit' to use in Form 27Q when a single challan covers multiple transaction dates. The advice provided is that a single challan can indeed be linked to different payment dates, and the user is not late in making the TDS payment.