Tds deduction on house property sold is forgotten

tds not deducted for 5 months now. due date was June 30th

what is the penalty and relevant clauses..
Replies (5)
Quick Summary
This discussion addresses the oversight of TDS (Tax Deducted at Source) on house property sales, with deductions missed for five months past the June 30th deadline. It outlines potential penalties, including interest at 1.5% per month and daily late fees capped at the TDS amount. The conversation also touches on practical ways to avoid these penalties, with a chartered accountant offering guidance.

June to january - 8 months interest @ 1.5% p.m
late fees - 200 per day subject to maximum of tds amount

Can be completely avoided practically. Connect

Rgds
CA. Raj Doshi
R C D & Co.
Chartered Accountants
Kandivali West,Mumbai
Pls do not post irrelevant

Hahahaha. What a irrelevant reply. Just to keep up on the leaderboard. Request not to distract querists. Thankyou in advance.

@ sabyasachi mukherjee

don't reply if you are not versed in that subject.
What's the use of leaderboard? I haven't seen people fighting for something so irrelevant.

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