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 is more than one buyer, 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 of the individual i.e. buyer of the property

Address

Date of booking

Tower name & Flat number

Agreement value

Installment amount paid to the developer (Excluding Taxes)

Date of the installment payment

Select this option
 [Select this option for Individual tax payers]

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

Buyer’s PAN

Buyer’s PAN

AACCA7777K (PAN of the Developer)

AACCA7777K (PAN of the Developer)

 [Customer
Details]

**Please refer Page 2

Piramal Tower

8th Floor

Lower Parel

Mumbai

Maharashtra

400013

crm.prl@piramal.com

8879732463

[Select NO]
 [For Flats choose – Building (Shops, Apartments, Flats, Bungalows etc.]
Piramal Vaikunth
[Your Flat Number]
Balkum
Thane
Maharashtra
400608

[Booking date mentioned in the

Request for Reservation Form (RFR)]

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

[Select Installment]
 [Installment amount (Excluding GST) to be
mentioned here]

[Installment Amount (Excluding GST)]

[Input 1%]

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

[Incase of delay in TDS Payment]

[Incase of delay in TDS Payment]

 [Date of payment and
Date of Tax Deduction
should be the same]

[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 16 B along with the Form 26 QB and TDS challan with your Relationship Manager