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Form 26QB (TDS on Property) Notice Under Section 154

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Saksham Sachdeva

51 Points Posted on 08 December 2023

Hi All,

Thanks in advance,

I have recently purchased a property and paid 1% tds for the same. I got a default notice under section 154 demanding rest 19% of tds as seller's PAN was inoperative (Not linked to aadhaar). Now seller has made his PAN operative by linking it to Aadhaar but he is not ready to pay rest 19% of TDS. What should be done in this case?

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Quick Summary

A property buyer received a Section 154 notice demanding an additional 19% TDS because the seller's PAN was inoperative. Although the seller has now linked their Aadhaar to make the PAN operative, they are refusing to pay the remaining TDS. The buyer is seeking advice on how to proceed, including whether to file a TDS correction statement and what changes to make.