Non compliance of section 195

We have purchased property from NRI and forgot to deduct TDS u/s 195. 

Therefore , will it be allow that seller party give its income tax return, computation and also provide intimation order of relevant year with CA certificate in prescribed form  that no income from that transaction was escaped in income tax return and proper tax liability is paid by seller.

Particularly in case of NRI.

we are ready to pay interest liability.

Replies (3)
Quick Summary
This discussion addresses the consequences of failing to deduct Tax Deducted at Source (TDS) under Section 195 when purchasing property from a Non-Resident Indian (NRI). The payer is seeking to understand if providing the seller's income tax return, computation, intimation order, and a CA certificate confirming tax payment can rectify the non-compliance. While ready to pay interest, the primary concern is whether this remedy is available for NRIs, as the payer's responsibility for TDS deduction is paramount.

You may reply to the notice u/s 148 or 148A explaining the facts

we have not received any notice yet , I just want to know that whether this remedy is available in case of nri payee for default of non deduction of tds u/s 195?

Tds deduction responsibility is on the payer and not on the payee..If proper taxes are paid and ITR filed then there won't be any issue

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