Adroit Valuation more information required for online filing TDS on Property Sale to regulate the real estate sector. Following the deduction, the buyer needs to pay TDS to the government. Tax deducted on Property to be deposited and Procedure for Deposit of TDS on Property Sale with Govt. Buyer, Seller, Transaction Details and property. According to section 1941A, if a buyer buys immovable property valuing more than 50 lakhs rupees then he must deduct the TDS.
Penalty for Delay in TDS Filing
• Buyer fails to deduct TDS
• Buyer fails to deposit TDS amount to the Government