Tds payment date
riddhi (student) (746 Points)
29 March 2017
What is the duration for payment of tds on property? 26QB Eg: If you make the payment today then when do you have to pay tds?
4 Replies
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 29 March 2017
TDS deducted u/s 194IA (TDS on sale of immovable property) shall be paid to the credit of the central government within a period of thirty days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum statement in Form No. 26QB as per Income Tax Rule 30(2A)
riddhi
(student)
(746 Points)
Replied 29 March 2017
I did one payment on 1st feb and paid the tds on 3rd march still i got a demand notice to pay the interest so i dont understand when to pay. Suppose if i am making the payment today then can i pay the tds today ?
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 29 March 2017
please check date of agreement on form 26QB , and date of payment ot party.
TDS needs to be deducted earlier of payment ( payment ot party) or credit
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