I have been asked by my builder to pay TDS on Society Charges which is 1% of amount asked. I have paid it on govt of india ITR website by under 26QB is it right way to pay it ? As after paying it I have recived demand notice indicating I need to pay some defaults under section 200A . I figured out while paying it it was showing calculation is done on stamp duty but its actually should have been done on sosciety charges so do I need to pay that extra amount ? Can you guide me
Hey @adityapawar,
If this is with regards to a property that you have purchased, TDS at 1% needs to be paid only on the purchase value of the property (Property value includes maintenance too). There is no separate TDS that needs to be deducted from the society charges.
In case this is not related to a property purchase, kindly elaborate more so we can help you out.