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....
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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 | ||
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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.
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