Piramal Vaikunth TDS E-Tutorial

Few Important Points Listed Below

 The web address for the Tax Deducted at Source (TDS) payment is https://onlineservices.tin.egov-
nsdl.com/etaxnew/tdsnontds.jsp
 TDS is payable on or before 30th of the next month, from the month of TDS deduction
 If there are more than one buyers, please speak to your tax consultant before making the TDS payment **
 Please note that the delayed payments not only attracts Interest (u/s 201) but also the Late fee (u/s 234E) of the Income Tax
Act’1961. The details & calculations of which are shared below for ready reference:
Illustration of Interest calculation :
An interest at 1.5% is charged on the amount of tax. The interest is charged for every month OR part of a month from the date on
which the tax was deducted to the date on which such tax is actually paid
For E.g. :- If a tax of Rs.55,000/- is deducted on 25th June 2015, the same is required to be deposited with the government account
on or before 30th July 2015. However, if the same is paid on 7th August 2015 then the interest calculations will be as follows :
Interest Rate : 1.5%
Delay in months : 3 months ( Here the number of months of default is 3, because part of June will be counted 1, full July month
will be another 1 & part of August also will be 1 making a total of 3 months of default )
Thus the calculation is : Rs.55,000 × (3 × 1.5%) = Rs.2,475/-
Illustration of Late fee calculation:
In addition to above interest, a late fee of Rs.200/- per day will be levied
For E.g. :- If a tax of Rs.55,000/- is deducted on 25th June 2015, the same is required to be deposited with the government account
on or before 30th July 2015. However, if the same is paid on 7th August 2015 then the late fee calculations will be as follows :
Late fee : Rs.200/- per day
Delay in days : No. of days from July 30, 2015 to August 7, 2015 = 9 days
Thus the calculation is : 200 X 9 = Rs.1800/-
Information required to be kept handy

 PAN number of the individual i.e. buyer of the property

 Address details
 Date of booking
 Tower name & Flat number
 Agreement value
 Installment amount paid to the developer (Excluding Service Tax)
 Date of the installment payment
 [Select this option for
Individual tax payers]

[Select Resident (As it is status of the seller)]

Customer’s PAN AACCA7777K

Individual Company
(if you are an individual buyer)
 Piramal Tower

8th Floor
Lower Parel

Mumbai
[Customer
Details] Maharashtra

400013
crm.prl@piramal.com

8879732463

[Select NO]** [Please refer to Page 2]

[For Flats choose – Building (Shops, Apartments, Flats, Bungalows etc.]

[Piramal Vaikunth]

[Tower Name - Your Flat Number]

[Balkum]

[Thane]

[Maharashtra]

[400607]

[Booking date mentioned in the Request for Reservation (RFR)]

[Agreement value mentioned on the 2nd page of RFR]

[Select Installment]
 [Total Amount Paid/Credited : Installment Amount
(Excluding Service Tax) to be mentioned here]

[Installment Amount (Excluding Service Tax)]

[Input 1%]

[1% of the Installment Amount which is payable at TDS]

[Incase of delay in TDS Payment]

 [Installment Payment date]

[Same as Installment Payment Date]

[Click on Proceed to make the online payment of TDS. The page will be redirected to your banking page]
Post Payment

 Form 26 QB and the TDS challan to be saved

 Please share the copy of Form 26 QB along with the TDS challan with your Relationship Manager

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THANK YOU