Non compliance of sec. 194ia of i.t.

This query is : Resolved

NIKHIL JAIN (Querist)
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23 March 2015 SIR,

MY CLIENT PURCHASED A PROPERTY OF RS 60 LACK. BUT HE IS NOT DEDUCTED THE TDS ON PROPERTY. SO WHAT TO DO...........

CS,CA F,Numrologi TusharSampat (Expert)
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23 March 2015 now he must deduct and pay tds @1% and int shall also be applicable for late deduction and late payment

NIKHIL JAIN (Querist)
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23 March 2015 SIR,

BUT DEAL IS FINAL AND ALL PAYMENT HAS BEEN MADE. AND SELLER NOT AGREE TO GIVE AMOUT EQUAL TO TDS. SO, WHAT WE DO............

CS,CA F,Numrologi TusharSampat (Expert)
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23 March 2015 buyer need to deduct from the payment before full amount is paid to seller and must pay it to it dept.

CA R SEETHARAMAN (Expert)
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23 March 2015 Then you are liable to pay that amount with interest.

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