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Question ID : 40699

TDS on propery -- Late fees

In our case Agreement is entered on 10.02.2020 . Due date of payment and filing form 26QB was 30.03.2020 . But client could not make payment and is going to file form on 30.06.2020 . Here there is delay of 92 days ( from 31st mar 2020 to 30th June 2020 ) and amount of late fees is Rs 18400 . There are 2 buyers and 2 sellers and hence 4 forms required to be filed. Our query about disclosure of late fees . 1. Whether Rs 18400 is to be divided amongst 4 forms so per form late fees is Rs 4600 2. Whether Rs 18400 can be shown in any one form 3. Whether Rs 18400 per form so total for 4 forms will be Rs 73600 . Please guide us.

posted by samirkumar gokulbhai kasvala on Jun 28 2020 12:00AM

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