Split TDS deposit amongst different payment methods

460 views 5 replies

Hello,

I have to deposit TDS for Rs 10 lac against a purchase of property from NRI seller.

The payment for property would be done by bank through home loan via cheque. Can I split the TDS amount into multiple deposits using different payment methods something like this:

SBI credit card - 1.5 lac

HDFC credit card - 1.5 lac

UPI - 1 lac

Net banking - 6 lac

In the sale deed, all the deposit transactions would be mentioned. All the deposits will be done on the same day by me, but the advantage is that i would get the benefit of credit using credit card.

Please guide.

Replies (5)
Yes you can.
I do not find any logic behind this..
Originally posted by : sabyasachi mukherjee
I do not find any logic behind this..

Hi, the logic behind that is - I would get credit for 30-45 days and wont have to pay the entire amount immediately from my bank. Within 15 20 days i can arrange money and payback the credit card bill. The UPI transaction would also be through UPI enabled Rupay credit card. So i would need only 6 lac real cash in my account.

Can this be done?

Yes can be done sir. Efficient cashflow management 

I do Understand that if there is a serious cash crunch then obviously it's a serious problem.

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