Non compliance of sec. 194ia of i.t.
This query is : Resolved
NIKHIL JAIN
(Querist)
23 March 2015
SIR,
MY CLIENT PURCHASED A PROPERTY OF RS 60 LACK. BUT HE IS NOT DEDUCTED THE TDS ON PROPERTY. SO WHAT TO DO...........
MY CLIENT PURCHASED A PROPERTY OF RS 60 LACK. BUT HE IS NOT DEDUCTED THE TDS ON PROPERTY. SO WHAT TO DO...........
23 March 2015
now he must deduct and pay tds @1% and int shall also be applicable for late deduction and late payment
NIKHIL JAIN
(Querist)
23 March 2015
SIR,
BUT DEAL IS FINAL AND ALL PAYMENT HAS BEEN MADE. AND SELLER NOT AGREE TO GIVE AMOUT EQUAL TO TDS. SO, WHAT WE DO............
BUT DEAL IS FINAL AND ALL PAYMENT HAS BEEN MADE. AND SELLER NOT AGREE TO GIVE AMOUT EQUAL TO TDS. SO, WHAT WE DO............
23 March 2015
buyer need to deduct from the payment before full amount is paid to seller and must pay it to it dept.
CA R SEETHARAMAN
(Expert)
23 March 2015
Then you are liable to pay that amount with interest.
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