Sir/Mam,
I have purchased a flat of 69 lakhs in which bank loan is 55.2 lakhs. Bank directly pays the amount to the builder without tds deduction. Now I am paying the tds amount to govt from my pocket.
Builder is saying tds amount will be adjusted in the last installment. Now the last installment is 5 lakhs. If I adjust the tds amount of Rs. 55,200 then, I will pay 4,44,800.
If I do so, then at the time of filing 26QB, what amount I have to put in amount credited section - 444800 or 5 lakh. I am going for the exact amount which 444800 then value of property and tds amount amount will be mismatched.
If I go for the scheduled amount which is 5 lakhs there is mismatch of information but value of property and tds amount will be matched.
What I should do??
CAclubindia
