I am in discussions with a NRI for purchase of his house. I have also paid him an advance through cheque. Now he is not agreeing for the TDS deduction. Canceling the transaction will be loss for me because the MOU states that whoever cancels has to compensate the other with an agreed amount and also pay the brokerage. The NRI is also not willing to get the lower tax deduction certificate.
Is there some legal action I can take?
CAclubindia
