17 January 2025
If buyer deducts tds on purchase of immovable property by successfully filing 26QB but later on comes to know that seller's pan & aadhar is not linked and demand for short deduction had received then what to do in that case..??
18 January 2025
Vide circular no. 6/ 2024 CBDT specified that "for the transactions entered into upto 31.03.2024 and in cases where the PAN becomes operative (as a result of linkage with Aadhaar) on or before 31.05.2024, there shall be no liability on the deductor/collector to deduct/collect the tax under section 206AA/206CC, as the case maybe, and the deduction/collection as mandated in other provisions of Chapter XVII-B or Chapter XVII-BB of the Act, shall be applicable." If you deducted it after that, then you have to pay the short deduction demand.
18 January 2025
What if, I entered into a transaction in november 2024 and deducted tds in december 2024 and aadhar pan is not linked.? whether after linking pan with aadhar and then it can be revised or not?