10 October 2022
Hello I have a query regarding payment on tds on purchase of immovable property. As per the construction linked payment plan of the builder, I had received a demand on Rs. 2602740(inclusive of TDS) in March 2022. I paid the amount in full, including TDS at that time. I received a second demand for Rs. 1301400 (inclusive of tds) in September - at this time it was brought to my notice that I had not filed tds for the payment done in march. Accordingly, I have filed form 26 qb and paid Rs.26027 as tds for the payment in march (excluding the excess amount that was paid).
The excess amount that was paid in March, has been adjusted in the payment due in September, hence I am effectively making a payment of 99%*1301400 - 26027 = 1262362 now, after deducting tds. Given this payment I am making now excludes an amount that was paid in advance in March, should I a) file form 26 qb for the advance payment of rs 26027 separately (tds amount rs.262.89) and another form 26qb for the balance payment 1262362 (tds rs.12751) or b) should I club it with the balance payment I am making now, and pay full tds of Rs. 13014 and file single form 26 qb.
CAclubindia
