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Non deduction of TDS on property purchase

This query is : Resolved 

29 November 2016 I had booked a flat of 59lacs and paid subsequently RS 11 LACS against booking. Now I come to know that I had to deduct TDS of 1% and submit of which I was unaware.How to proceed

29 November 2016 You have to deduct Tds on each Installment same to be submitted before 7th of subsequent month if overall consideration exceed Fifty lakhs.

29 November 2016 Do I have to pay penalty on delay in filing.I had paid instalment in September 2016


04 November 2021 Yes, interest will be levied by department.



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