Tds on property[late payment on multiple installments]

Hello Everyone,

    I paid earnest money of 7L to builder on 17th April 2015 and 21L to builder on 29th April 2015 towards my first 20% of the booking/agreement payment. Now I realized that I should have deducted the TDS by 7th of May. I haven't. Say if I deduct it today on 16th May 2015. So I have to pay TDS with following penalties:

a) Rs. 200 per day from 8th of May: i.e. Rs. 9 * 200 = 1800.

b) 1.5% penalty/interest for two months on the TDS amount even though there is a delay of 9 days only.

( Q1: is there any other penalty/interest that I need  to pay )

Q2: Can I club two payments of 7L and 14L into one and pay Rs. 200 per day fee as only one penalty. Instead of 9*200 for 7L and 9*200 for 14L ?

Kindly resolve my queries as quickly as possible.

Thanks,

Replies (1)

Only late fee and interest is applicable. Also you can club both payments in single return.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details