Finance Consultancy Services
108 Points
Joined September 2012
Yes, you can still deduct and deposit it now.
You should:
Deduct 1% TDS on total amount of those 3 instalments
Deposit it through Form 26QB
Issue Form 16B to seller
But delay will attract interest under Section 201(1A)
Interest Calculation
TDS not deducted earlier
Interest = 1% per month
From date TDS was deductible till date of actual deduction
If Form 26QB is filed late:
Late fee under Section 234E
₹200 per day
Maximum = TDS amount