26QB Filing Guidance
This query is : Resolved
20 October 2022
Hi,
While filling Form 26QB I'm seeing 3 different kinds of dates -
(1) Date of Agreement/Booking
(2) Date of Payment/Credit
(3) Date of Tax Deduction
As per my understanding,
(1) should be the date on which original seller/purchaser agreement was made. This is 23rd Sept 2022.
(2)
7th Sept 2022 Paid first booking amount
7th Sept 2022 Paid rest 20 percent down payment to seller
28th Sept 2022 Rest of payment has been disbursed from BANK to Seller Account
(3) Today 20th OCT 2022 I am trying to file TDS
So, in my case, what should be the dates for (2) and (3) points?
While filling Form 26QB I'm seeing 3 different kinds of dates -
(1) Date of Agreement/Booking
(2) Date of Payment/Credit
(3) Date of Tax Deduction
As per my understanding,
(1) should be the date on which original seller/purchaser agreement was made. This is 23rd Sept 2022.
(2)
7th Sept 2022 Paid first booking amount
7th Sept 2022 Paid rest 20 percent down payment to seller
28th Sept 2022 Rest of payment has been disbursed from BANK to Seller Account
(3) Today 20th OCT 2022 I am trying to file TDS
So, in my case, what should be the dates for (2) and (3) points?
20 October 2022
1. Correct.. its 23.09.2022
2. The earliest if you are filing single 26QB, i.e. 7th Sept. 22
3. Even if you are paying the amount on 20th Oct, to treasury, date of deduction of TDS remains same as 07.09.2022.
2. The earliest if you are filing single 26QB, i.e. 7th Sept. 22
3. Even if you are paying the amount on 20th Oct, to treasury, date of deduction of TDS remains same as 07.09.2022.
20 October 2022
Thanks for your advice!
One more thing...
Payment Type should be Lumpsum right because all fund has been disbursed to seller.
And no interest will be imposed (only have to pay 1% of property value) if I pay whole TDS amount till 31st OCT right?
One more thing...
Payment Type should be Lumpsum right because all fund has been disbursed to seller.
And no interest will be imposed (only have to pay 1% of property value) if I pay whole TDS amount till 31st OCT right?
21 October 2022
1. Yes, that is why only single 26QB is to be filed.
2. Correct...
2. Correct...
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