CA Final doubt
Will there be penalty on NRI seller for not deducting TDS by buyer on sale of immovable property under 195 if yes under which section?
Asked by Keerthi21 Mar 20251073 views
2 answers
Dkp · 12 May 2025
No penalty on seller's part as it's the responsibility of buyer to deduct & payment the tds to dept.
Sarthak · 21 Mar 2025
Well us 195 buyer is liable to deduct TDS not the NRI seller hence there will be no penalty on seller part just while filing IT return interest will be leviable us 234A,B,C if applicable
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