If you've sold a property valued over 50 lakhs and the buyer failed to deduct and deposit the TDS (Tax Deducted at Source), your primary responsibility as the seller is to declare this sale in your Income Tax Return (ITR) and pay the applicable tax. There are no further obligations for you in this scenario.
18 August 2025
I have recently sold a propert whose value was more than 50 lakhs. The buyer has not deducted and deposited TDS on sale of property. What are the repercussions for me as a seller?