Hi...Buyer did not deduct 1% TDS on purchase of property which is 73lacs (bought in March 2018). Does he have to pay the 1% TDS and the interest and penalty? The seller is not ready to pay anything. Please advise the course of action to close this. Thanks in advance for your help!
Menu
Tds on purchase of property
Replies (2)
He will receive the income tax notice. So you do not have to worry about it.
who will recieve the notice? buyer or seller?
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
