Hi friends! I have one query regarding TDs on immovable property. A person bought house more than 50 lakh and took home loan. Bank paid installment of Rs. 15 lakh on 30.6.17, 20 lakh & 2 lakh on 27.7.17 & 15 lakh on 31.8.17 now the buyer want to pay TDs on all installment what is interest rate for late filling and whether installment attract penalty?? Whether four 26 QB has to be filed i.e separate return for each installment. Kindly explain in detail. Thank u in advance.
1 Replies
Luvish Jain
(Tax Consultant)
(507 Points)
Replied 07 September 2017
ofcourse as the payments are made u r reqd to deposit the challan n tds i.e. 26qb within due time of it.
and hence have to pay now interest on it too.
and hence have to pay now interest on it too.
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