Late payment of tds on purchasing property

Khushboo (1 Points)

16 August 2024  

I purchased a property in feb 2023 worth 1 cr and I made a payment of 60 lac on the spot without deducting any tds from it. I did not made any tds payment to government for this transaction. The remaining 40 lacs payment has not been done till date. Is it possible to somehow manage to avoid any penalties or  fee for late depositing the tds on the payment already done. If yes, please provide the solution