01 March 2018
Dear sir/ Madam Actually what happened is my client(Pvt Ltd Company) purchased a Land in 2016 aug. The cost is 89,62,000/-. no tds deducted at that time . registration procedure completed. After knowing the concept of 194IA i wrongly deposited the tax amount in One of director PAN instead of Company PAN. nothing done later.... what are the consequences will i face ? please clarify in detail.
CAclubindia
