Deduction of tds by buyer
This query is : Resolved
chandrasekhar
(Querist)
24 August 2019
The buyer was expected to deduct 20.8 percent TDS from the seller an NRI. He omitted or ignorant to deduct the same. The transaction was completed without TDS on 8th July 2019 However the discrepancy was noticed by the seller and immedietly tried to set things right but could not do. However the seller remitted the TDS amount as ADVANCE TAX 17th July 2019 to Income Tax authorities in order to comply with the norm.of IT authorities.
Please guide as to the implications on the above.
Please guide as to the implications on the above.
CA R SEETHARAMAN
(Expert)
24 August 2019
File 26A online to comply with the norm of IT authorities. See the link.
https://www.indiafilings.com/learn/form-26a/
https://www.indiafilings.com/learn/form-26a/
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