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Gur Pritpal Singh   11 April 2018

TDS on property purchase

While paying TDS, the Cost of Consideration entered was wrong. Hence TDS paid was less by Rs 3000( cost of consideration was less by Rs 300000). How to correct and pay the balance of Rs 3000.


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 3 Replies

R.Ramachandran (Advocate)     11 April 2018

When (Year and month) was the first TDS (i.e. wrong figure which was less by 3 lakhs) effected?

1 Like

Kumar Doab (FIN)     11 April 2018

Submit revised tax return along with amount under proper acknowledgment.

Before expiry on one year from assessment year/completion of assessment , NO fine may be levied.

Preferably discuss with a very able senior LOCAL tax counsel of unshakable repute and integrity specializing in such matters and having successful track record…. and worth his/her salt.

Adv Deepak Joshi +917017821512 (Advocate)     11 April 2018

File a revised return if not barred by the Income tax department.


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