We purchased the property of ₹1,03,19,000 under me and mom's name I was not quite sure while filing the TDS hence i paid the TDS from mom's PAN as lumpsum type on 37 lacs as 37,000 After few days i paid TDS from my PAN on 60lacs as 60,000 as lumpsum type Again after few days is paid the balance TDS on amount 6.19lacs as 6190
After few days builder's CA called me and told that i can not make lumpsum payments as it reflects as I have purchased 3 properties He asked me to raise the correction request and make it as instalment type
I have the below queries based on above scenario 1. Instalment type should be corrected on Mom's PAN also? since we have made only single TDS payment from mom's pan and there won't be further payments from her PAN. So this should be Lumpsum or Instalment? 2. When i raised correction request for changing it to instalment type from my PAN since i have made two TDS payments, the first challan of 60k i mentioned as instalment type. The problem arises when i modify the second challan. When i select 'YES' on the checkbox whether this is the last instalment?, It considers complete agreement value of ₹1,03,19,000 while calculating TDS. It is not considering the previously paid TDS from mom's PAN and my PAN's first challan in this calculation. While modifying the challan i have mentioned stamp-duty value as same as amount being paid currently
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