Query in tds on sale of property
Siddharth (Thinker) (267 Points)
14 October 2015Siddharth (Thinker) (267 Points)
14 October 2015
S. Shiroor
(Others)
(1207 Points)
Replied 14 October 2015
Please see your 26AS and verify whether the Buyer has really deposited the TDS .
Nowadays plenty of fraud is happening. The agreement should clearly state full amt and the component of TDS. Failure of paying TDS will lead to cancellaion of agreement -should be there in agreement.
Regarding Differential TDS - If you have deducted x amt then that amt should be paid.
Please note the beneficiary of both TDS are different. First TDS as a seller you are the beneficiary second TDS as buyer - the one who sells is the Beneficiary.
These two are seperate PAN nos. So full 157000 should be deducted and paid to Govt acc..
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