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Flat Buyer can deduct TDS and who will claim that? buyer or Seller?
Replies (2)
As per sec 194-IA ,purchaser liable to deduct tax,when consideration is more than 50 lakhs.
rate of tds- @ 1%,if pan not furnished by the seller tax @ 20% shall be deducted.
2)seller can claim on such tds amount.
rate of tds- @ 1%,if pan not furnished by the seller tax @ 20% shall be deducted.
2)seller can claim on such tds amount.
| Originally posted by : YRK Reddy | ||
 |
Flat Buyer can deduct TDS and who will claim that? buyer or Seller? |  |
Dear YRK Reddy
To help resolve your TDS of sale of property related query/concern, reach us on tininfo @ nsdl.co.in or call on 020- 27218080
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