Sec 194 ia

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2014 Hi all,
My query to u all is, if any purchaser of immovable property does not deduct TDS on amt paid to seller (other then agricultural land) then what are its consequences??
pls reply urgently...

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

18 February 2014 there is no consequence for the seller. he can pay his own taxes at his his own will.

however, the purchaser shall have to be liable as assessee in default..

Message likes : 2 times

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2014 kk...thank u... but what will b the liability for assessee in default, because there will not b any diss-allowance of exp, since exp is of capital nature????

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now