I'm buying house in Delhi. Seller is current in US and returning next month. As per seller she visited US for short term and she is not NRI. As per I understand it is buyer tax liability to deduct correct TDS in real estate deal. How can I be sure seller is not lying for lowering TDS? What prevention I should take? If she lie to me then later will IT can hold me responsible? Thanks!
It is better to get a disclaimer or acknowledgement from the seller regarding the fact that the seller is a non resident person hence under section 194IA tax is not required to be deducted and make her sign such acknowledgement.