buyer forgot to deduct tax at the time of payment.now buyer wants seller to give cheque of amount of tds so that he can deposit it . is seller advisable to give cheque? or any other solution?
Go for Netbanking, because, incase of paid throw cheque - it's took upto 4 to 7 days. at the same time TDS On property should be pay, within 30 days from the date of registration/paid. after that interest applicable.
Buyer has to deduct tds. he cannot give chq to seller. buyer has to complet tds within stipulated time as per terms of agreement and payment in case tds is not deducted by buyer then seller will not get benifit of tds & buyer will have to pay penalty. if buyer has paid full amount to you without deducting tds then , then it is better to pay it yourself or pay buyer for 26qb deduction. if sale consideration less than 50,00,000/- then tds not applicable