Tds on sale of property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2014
Dear Sir,
I have sold an urban land worth Rs.2crores. the buyer has made the full payment and not deducted TDS. Will the AO raise any objections to the same in my assessment??
I have sold an urban land worth Rs.2crores. the buyer has made the full payment and not deducted TDS. Will the AO raise any objections to the same in my assessment??
Nikhil Kaushik
(Expert)
06 November 2014
non-deduction of TDS is not of your problem...the buyer needs to worry about it...
06 November 2014
Purchaser has to pay the TDS and interest.Pl see section 201(1) and (1A).
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