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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 November 2015 We had sale a flat to a buyer and registered that flat in his name too.

But he failed to deposit full TDS and a short of Rs. 10582. Now he is deferring to deposit the same.

What action we can take against them, or is their any penalty for us and him.
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Amol S Joglekar

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Amol S Joglekar (Expert)
02 November 2015 Inform the incident to TDS section of income tax dept. You have no any liability as such.
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