https://www.taxtmi.com/forum/issue?id=113171 Obligation to deduct 1% TDS on payment for purchase of an under construction property arises at the time of each payment or on payment of the entire amount; failure to deduct attracts interest (one percent per month if not deducted, one and a half percent per month if deducted but not paid), a daily late filing fee for non submission of Form 26QB, and a separate penalty for delayed filing, with the deductor treated as an assessee in default until liabilities are cleared. en-us Sun, 10 Dec 2017 15:56:39 +0530 Thu, 23 Jan 2025 15:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113171 Obligation to deduct 1% TDS on payment for purchase of an under construction property arises at the time of each payment or on payment of the entire amount; failure to deduct attracts interest (one percent per month if not deducted, one and a half percent per month if deducted but not paid), a daily late filing fee for non submission of Form 26QB, and a separate penalty for delayed filing, with the deductor treated as an assessee in default until liabilities are cleared. Discussion-Forum Income Tax Sun, 10 Dec 2017 15:56:39 +0530 https://www.taxtmi.com/forum/issue?id=113171