Hello,
I purchased an apartment in Mar. 2012.
In FY 13-14, I paid 1716637 INR to the builder towards construction linked plan payment.
In FY 14-15, I paid 1428546 INR to the builder towards construction linked plan payment.
In FY 15-16, I have so far paid 714273 INR to the builder towards construction linked plan payment.
I have not paid any TDS to the IT department as per section 194IA which became effective in June 2013 due to lack of awareness.
Can somebody please tell me how much penalty and/or interest rate I owe to the IT department for the above mentioned payments?
CAclubindia
