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Tds on sale of immovable property


13 June 2016 Department levies penalty, interest, fee for late filing or late deduction of tds by buyers and in cases where buyer are not aware of tds on sale of immovable property, they end up paying penalty, interest and fees.

Is there any way where the penalty, interest or fee can be waived off by the department.


Please let me know at the earliest.

Thank you in advance

13 June 2016 there is not way you have to pay the intt. and penality for delay period.

13 June 2016 Ok. thank you. Can we make tds payment for all the installments at once by mentioning a single date and not with each installment


13 June 2016 its better to make payment for every payment or make combined payment with intt.

13 June 2016 Then in such case it means that penalty cannot be levied if tds is paid with interest in single date

13 June 2016 According to me, even if tds is paid with interest then penalty will be levied by department

13 June 2016 penality not charge on tax, its on the late filing of return 26QB @ 200 per day during the delay period to deposit date.

13 June 2016 Yes. thank you for the help


04 July 2016 If there is joint owner of property, then sales value to be mentioned in 26QB is also to be divided between the owner?



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