Hello everyone,
I have filed and made the payment towards tds on property for FY 2017-18. There was 1 buyer and 2 sellers of said property but at that time, tds payment was made towards 1 buyer and 1 seller due to technical error of one seller login the tds amount was taken in single seller.
Kindly suggest me some solution for this.
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Tds on property
Replies (2)
Sec 194-IA TDS is deducted at the time of Payment made towards the sale consideration.
If you have paid the amount in two parts (i.e to each of the seller) but deducted the entire TDS on payment made to one seller then and made payment to other seller without Deducting TDS even then there is a default of Non Deduction in respect of other seller.
The First Seller on whose payment whole TDS has been deducted i.e at double rate that TDS return can be revised and corrected.
If you have paid the amount in two parts (i.e to each of the seller) but deducted the entire TDS on payment made to one seller then and made payment to other seller without Deducting TDS even then there is a default of Non Deduction in respect of other seller.
The First Seller on whose payment whole TDS has been deducted i.e at double rate that TDS return can be revised and corrected.
Thanks for Reply
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