TDS on new property

Share
Share This Thread
  1. Debashis Sengupta

    Debashis Sengupta New Member

    I had made payment to builder as token advance for one flat in March 2016 and April 2016. Now I have decided to proceed with the purchase. I shall enter into a"Agreement for sale" contract with builder this month ( May 2016). I understand from various discussions that I have to deduct TDS on the amount paid by me before and deposit. But due to late deduction and payment to IT,will it attract penalty & interest? If yes how much or how to calculate the amount of interest and penalty?
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
tax deduction for LIC Deposit, Self occupied house Property tax Income Tax Apr 10, 2018
Acqusition value of property in case of inheritance. Income Tax Mar 30, 2018
Capital gain on property Income Tax Mar 21, 2018
Property purchase below circle rate Income Tax Mar 19, 2018
NRI SELLS A PROPERTY TDS COMPUTATION BY BUYER Income Tax Mar 17, 2018