IS IT POSSIBLE TO PAY TDS ON SALE OF IMMOVABLE PROPERTY BY SELLER INSTEAD OF BUYER? IF POSSIBLE, CAN ANY ONE PLEASE TELL ME THE PROCEDURE....
Menu
Tds on sale of immovable property
Replies (3)
No, TDS is required to be deducted only by the buyer as per section 194-IA of Income tax Act, 1961
| Originally posted by : CA Meetali | ||
 |
No, TDS is required to be deducted only by the buyer as per section 194-IA of Income tax Act, 1961 |  |
thanks for ur reply... if Tds is not deducted by the buyer at the time of making payment then what to do?
It is better to deposit the TDS amount with interest for late deduction @ 1% p.m. and collect the TDS amount from the seller.
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
