Non compliance of section 195

rajdip ranpara (proprietor) (139 Points)

26 April 2022  

We have purchased property from NRI and forgot to deduct TDS u/s 195. 

Therefore , will it be allow that seller party give its income tax return, computation and also provide intimation order of relevant year with CA certificate in prescribed form  that no income from that transaction was escaped in income tax return and proper tax liability is paid by seller.

Particularly in case of NRI.

we are ready to pay interest liability.