I have purchased property of Rs. 60 lakhs on 07/07/2017 and payment made on installment basis.
say
1. on 07/07/2017 paid Rs. 5 lakhs.
2. on 08/09/2017 paid Rs. 10 lakhs.
3. on 12/12/2017 paid Rs. 10 lakhs.
4. on 01/03/2018 paid Rs. 5 lakhs. and so on...
I didn't deduct TDS till now.
I want to deduct TDS in my next installment and installment amount of Rs. 10 lakhs.
My question is
Can I deduct tds on full amount of Rs. 60 lakhs or only Rs. 10 lakhs or Rs. 40 lakhs?
Single Form 26QB can I file?
You are required to deduct & pay TDS over each insallments paid and to be paid......... i.e. for total of 60 lakhs........ For earlier payments along with interest.......
CAclubindia
