14 November 2024
1st instalment paid for purchase of property was May 24, where no TDS was deducted. However in the 2nd instalment paid in Oct 24 the TDS was deducted @1% on the total purchase consideration. How to show this while filing Form 26QB? Whether interest is to be paid for delay in TDS deposited for 1st instalment?
14 November 2024
Thanks for your prompt reply. In the case of First Form 26QB related to payment made in May 24, we will have to deposit TDS along with interest and penalty?