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Non compliance of section 195 of tds

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rajdip ranpara

proprietor

141 Points Posted on 08 March 2022

if Indian resident has forgot to deduct tds under section 195 for purchase of immovable property from NRI and due to lack of knowledge paid amount in normal resident of account of that NRI .

Then what is time limit of notice to be issued for non compliance of Tds

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Quick Summary

This discussion addresses the issue of non-compliance with Section 195 of TDS when an Indian resident fails to deduct TDS on immovable property purchased from an NRI. It explores the time limits for receiving notices regarding such non-compliance, noting that while notices often arrive within a year, past cases from FY 2016-2017 have not yet resulted in notifications.