https://www.taxtmi.com/forum/issue?id=120268 The buyer of immovable property must deduct 1% TDS on consideration exceeding the prescribed threshold at the time of credit or payment, whichever is earlier, and deposit it as required. Incorrect advice from the builder does not remove this statutory responsibility. Delay in filing Form 26QB can attract a late fee under the TDS default provisions, and interest may also be payable for delayed deduction or remittance. en-us Sat, 19 Jul 2025 11:35:05 +0530 Tue, 26 May 2026 17:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120268 The buyer of immovable property must deduct 1% TDS on consideration exceeding the prescribed threshold at the time of credit or payment, whichever is earlier, and deposit it as required. Incorrect advice from the builder does not remove this statutory responsibility. Delay in filing Form 26QB can attract a late fee under the TDS default provisions, and interest may also be payable for delayed deduction or remittance. Discussion-Forum Income Tax Sat, 19 Jul 2025 11:35:05 +0530 https://www.taxtmi.com/forum/issue?id=120268